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flag Markets in Asia surge as Fed Chair Powell hints at US interest rate cuts in September.

flag Asian stock markets rose on Monday, spurred by expectations of US interest rate cuts following Federal Reserve Chair Jerome Powell's remarks suggesting a potential shift in monetary policy. flag Powell's speech at a symposium in Jackson Hole indicated a possible rate cut in September, leading to gains in major Asian markets like Hong Kong, Tokyo, and Seoul. flag The prospect of lower rates boosted investor sentiment and could imply growing economic and employment risks.

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