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Asian stocks rise as Fed hike bets ease after Fed remarks

Asian equities rose Friday morning as markets scaled back expectations for an interest-rate hike after dovish remarks from a Fed official. The yen strengthened versus most other currencies amid growing prospects of aggressive Bank of Japan tightening.

KOSPI

By Ronnie HaruiAsian equities rose Friday morning as markets dialed down expectations for an interest-rate hike after dovish remarks from a Fed official.

The yen strengthened against most other currencies on growing prospects of aggressive monetary-policy tightening by the Bank of Japan.Federal Res…