Asian shares rise after US Fed signals low rates will stay

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TOKYO (AP) — Asian shares are higher as investors interpreted comments from the head of the U.S. Federal Reserve as signaling low interest rates were here to stay for some time. Benchmarks in Japan, Australia, South Korea and China all rose in afternoon trading. Regional investors are also looking ahead to data on China’s manufacturing sector. The rally in Asia paralleled a rise on Wall Street last week. The speech by Fed Chair Jerome Powell was key, as U.S. stocks have set records in large part because of the Fed’s massive efforts to prop up the economy and financial markets.  

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