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Tokyo surges on weak yen as Asian traders cheer big US rate cut

By Inquirer - 9 hours ago
Hong Kong, China — Tokyo’s Nikkei led Asian markets higher Thursday as the yen hit a two-week high after the Federal Reserve announced a bumper interest rate cut and pledged a series of further reductions that boosted sentiment. After a keenly awaited meeting the US central bank decided to lower borrowing costs for the first

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