Asian markets rally as inflation fears ease, oil extends gains


HONG KONG (AFP): Easing inflation concerns helped push equities higher in Asia on Tuesday(May 25), tracking a healthy rally on Wall Street, with traders taking heart from the global economic recovery outlook, while oil prices extended gains as Iran tempered optimism over its nuclear deal.

Bitcoin also held gains after another wild day, thanks to another supportive tweet from tycoon Elon Musk that offset fresh Chinese warnings of a crackdown on cryptocurrencies.

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Asian , equities , May 25 , opening

   

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