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Asian markets rally on US rate cut hopes

Protesters from the "Refuse Fascism DMV" march from the Wharf to Navy Yard on August 23, 2025 in Washington, DC. [AFP]

Asian markets kicked off the week with a rally on Monday, tracking gains made by Wall Street on Friday after the US central bank chief suggested coming interest rate cuts.

Investors weighing the prospects of a September reduction had been closely eyeing the speech by Federal Reserve Chair Jerome Powell at an annual symposium in Jackson Hole, Wyoming.

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