Asian markets rise as dollar falls on Fed rate hopes

Hong Kong (AFP) March 23, 2023

Asian markets mostly rose Thursday and the dollar retreated, brushing off a Wall Street fall on hopes the Federal Reserve's latest interest rate hike would be one of its last. The gains came even as the US central bank's chief Jerome Powell dealt a blow to hopes it could cut borrowing costs later in the year to soothe banking sector fears. Recent turmoil caused by the collapse of two US