Shares were mostly higher Wednesday in Asia, with Japan’s benchmark Nikkei 225 index falling shortly after the open and then bouncing as it climbed higher. The Nikkei index was up 2.3% by midmorning, at 35,464.61. It had soared more than 10% on Tuesday, recovering much of the losses it suffered from its worst day since 1987. The gains followed remarks by a Bank of Japan official who noted that even though the central bank had raised interest rates a week earlier, to 0.25% from 0.1%, monetary policy remains lax. The interest rate hike, however modest, set in motion a domino effect of selling by traders to adjust to higher costs for carry trades — a favorite trade for hedge funds a
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