HONG KONG (AFP): Asian markets rose Thursday (July 29) as the Federal Reserve acknowledged the US recovery was well on track but it would not taper monetary policy just yet, while Hong Kong was lifted after China sought to reassure investors over its latest regulatory crackdown.
Traders were also cheered by progress in Washington on President Joe Biden's trillion-dollar infrastructure bill, which he has said could "transform America" and add to the monumental amounts of stimulus already pumped into the world's top economy.
