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The Fed's benchmark lending rate is at a 16-year high, which has led to a contraction in manufacturing activity and three high-profile bank failures. The Nikkei 225 in Tokyo surged 1.8% to 33,018.65 and the Hang Seng in Hong Kong advanced 0.5% to 19,495.06. High-growth stocks, seen by investors as some of the biggest beneficiaries of lower rates, led the market Monday. Tech stocks alone accounted for more than half the S&P 500's gain, powered by gains of at least 1.5% for both Microsoft and Apple.
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Stock market today: Asian shares mixed as investors await Fed policy decision, price dataShares were mixed in Asia on Monday after the S&P 500 logged its fourth winning week in a row, while investors await another decision by the Federal Reserve on interest rates.
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Stock market today: Wall Street drifts ahead of Fed, inflation dataStocks are drifting higher on Wall Street Monday ahead of a big week for central banks and interest rates around the world.
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Markham is getting an Asian night market with over 100 different types of food to tryThe Lucky Lion Night Market is coming to Markham this month and it will feature over 100 food items, local Asian vendors and bars with curated cock...
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Investors rethink recession plays, boosting U.S. stock market laggardsSome have started dipping their toes into economically sensitive market areas
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