Asian Stocks Gained And The Dollar Sagged After A Top Federal Reserve

Asian stocks gained and the dollar sagged after a top Federal Reserve official all but cemented expectations of a US interest rate cut later this month.

Japan's Nikkei, China's Shanghai Composite, Hong Kong's Hang Seng and South Korea's were trading 1-1.7 percent higher.

New York Fed President John Williams said on Thursday that policymakers need to add stimulus early to deal with too-low inflation when interest rates are near zero and cannot wait for economic disaster to unfold.

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