Asian stocks rally as banking anxiety eases; Alibaba surges

Asian stocks rally as banking anxiety eases; Alibaba surges

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Asian shares rose sharply on Wednesday while the dollar was on the defensive as easing concerns over the banking sector revived risk appetite, while Alibaba's (9988.HK) stock soared on the internet behemoth's plans to split into six units. MSCI's broadest index of Asia-Pacific shares outside Japan…

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