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Asian equities opened higher on Thursday after US markets
reacted positively to the release of Federal Reserve's October meeting minutes
that signaled a likely interest rate hike in December.
US markets all ended in positive territory, with the Nasdaq
Composite outperforming to close 1.79 percent or 89.19 points higher. The Dow
Jones Industrial Average closed 247.66 points or 1.42 percent higher while the
S&P 500 finished 1.62 percent or 33.14 points up.
The Federal Open Market Committee's October minutes showed
most members felt that economic conditions for a rate hike would be met by the
next time the committee met in December. This was despite continued volatility
being seen across global markets as a result of geopolitical issues, dampened
commodity prices and an economic slowdown in China.
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