Asia stocks hit 4-month high on reopening of Chinese economy

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Reuters UK

By Tom Westbrook SINGAPORE (Reuters) – Asian shares rose on Thursday on investor hopes for China’s emergence from the COVID-19 pandemic, while the dollar stayed under pressure even as the U.S. Federal Reserve had a warning against market bets on interest rate cuts this year. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1% to touch a four-month high in morning trade. Japan’s Nikkei bounced off a three-month low. China has abruptly dropped ultra-strict curbs on travel and activity, unleashing the virus on the nation’s 1.4 billion people. Many funeral homes and hospitals say th…

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