Asian markets jump on Wall Street rally



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From Tokyo Nikkei (N225) led the charge, increasing by 1.9% in morning trading. From Hong Kong Hang Seng (HSI) and the Composite of Shanghai (SHCOMP) gained about 0.5%.
US Federal Reserve Chairman Jerome Powell said the central bank was closely monitoring the market situation.

"As always, we will act appropriately to continue the expansion," said Tuesday at a monetary policy conference in Chicago.

the Dow (UNDUE), the Nasdaq (IXIC) and the S & P 500 (SPX) recorded their best days since Jan. 4 as a result of Powell's comments.
Concerns over trade wars on several fronts and fears of a slowdown in the Chinese economy have recently moved investors.

President Xi Jinping Tuesday attempted to calm macroeconomic concerns during a state visit to Russia, telling reporters that the Chinese economy was stable, healthy and that it could support the sustainable development, according to the Xinhua State News Agency.

However, how the United States will resolve the escalating trade wars with China and Mexico, two of the country's largest trading partners, remains unclear.

The uncontrollable punitive measures of the United States and China sent the markets on roller coasters for months.

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