Most markets rise on China, rate optimism

By Agence France-Presse

Jan 17, 2023 12:05 am

HONG KONG: Most markets in Asia ended in the green on Monday, following another Wall Street rally fueled by optimism about the global economy as inflation slows and China reopens to the world.

After last year's battering, caused by surging prices and central bank interest rate hikes, the new year has seen a calmer mood on trading floors, with recession fears receding and bargain-buying providing support to equities.

Pedestrians wait to cross a street at Beijing’s Central Business District on Monday, Jan. 16, 2023. AFP PHOTO

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