Asian stocks rise as Turkish central bank hikes rates

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Source: Reuters
The majority of Asian shares increased on Wednesday trading session after the Turkish national bank hiked its benchmark interest rates by 445 basis points to a level of 12% and as India's central bank decided to tighten its monetary policy few days ago too. The MSCI Asia- Pacific gauge outside Japan advanced 1.2% following a three-day slump.

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Wed, 29 Jan 2014 09:04:03 GMT

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