Asian markets mostly rise after Wall St gains

By Agence France-Presse

Sep 30, 2023 12:19 am

HONG KONG: Most Asian markets followed Wall Street higher on Friday as a drop in oil prices and US Treasury yields provided some much-needed respite from speculation the Federal Reserve (Fed) will push interest rates even higher.

Data showing a smaller-than-expected rise in personal consumption and a still-healthy US economy injected a little optimism at the end of a debilitating week for traders, who are coming to terms with the prospect of borrowing costs staying elevated for some time.

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