An index of Asian shares rose, led by gains in Australia and South Korea after the S&P 500 closed at its highest level since mid September. Sentiment was bolstered by comments from Federal Reserve officials that signalled a willingness to slow rate hikes, and by upbeat earnings from Best Buy Co and Abercrombie & Fitch Co.
Hong Kong tech shares seesawed as investors weighed the implications of a report that Ant Group Co faces a fine of more thanfrom China’s central bank. The news triggered speculation that this could mark a potential end point of the government’s clampdown on tech and may allow Alibaba Group Holding Ltd to rekindle efforts to list Ant shares.
The dollar was little changed against most of its major peers. New Zealand’s currency and government bond yields climbed after the country’s central bank
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