"Asia's Market Rally: Hong Kong Leads the Way"


Asian Markets Rise on Friday

Hong Kong markets led gains, with Japan's Nikkei 225 reaching a 34-year high.

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Japan lost its spot as the third-largest global economy to Germany and reported a technical recession.

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The economic slowdown in Japan has raised hopes for the country to stick with its ultra-loose monetary policy.

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Other Asia-Pacific markets rose, with the S&P 500 notching a new record high.

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Hong Kong's Hang Seng index climbed 2.41%, while mainland Chinese markets remain closed.

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In the U.S., all three major indexes ended trading session in positive territory.

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In Australia, the S&P/ASX 200 rose 0.69% to close at 7,658.3.

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