Asian stocks rise as China rate cuts offset hawkish Fed outlook By Investing.com

indexes rose 0.7% and 0.3%, respectively, after the People’s Bank of China cut rates on its medium-term loans.

The move follows a cut in the bank’s short-term loan rates earlier this week, and potentially heralds a cut in the PBOC’s benchmark next week, unlocking more liquidity in the Chinese economy as the government looks to spruce up a slowing economic recovery.

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