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Asian markets follow Wall St higher as recession fears ease

 


BEIJING (AP) — Asian stock markets followed Wall Street higher Friday after two Federal Reserve officials said the U.S. economy might avoid a recession and a news report said China might boost construction spending to stimulate its struggling economy.

Tokyo's main stock market index gave up some of its gains following the shooting of a former Japanese prime minister, Shinzo Abe, but stayed in positive territory for the day.

Shanghai, Hong Kong and Sydney also advanced. Oil prices declined but stayed above $100 per barrel.

Wall Street's benchmark S&P 500 index rose 1.5% on Thursday after a...



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