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Asia Stocks Rise, Following Wall Street's Lead

Asian stocks rose Thursday, following a surge on Wall Street that came after hints the U.S. Federal Reserve is backing off an interest rate hike. U.S. stocks snapped a week-long losing string Wednesday with key indexes up about 4 percent. The Dow Jones Industrials, which had suffered double digit declines over the last five sessions, soared 619 points Wednesday, the third-highest point gain in its history. Global stocks have been in a freefall for the past two weeks on worries about...

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