Asia bourses track US rally, eyes on China’s Taiwan drills ...Qatar

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Asia bourses track US rally, eyes on China’s Taiwan drills
Asian markets yesterday tracked a Wall Street rally fuelled by healthy economic and earnings data, while traders kept a wary eye on Chinese military drills around Taiwan. Oil extended the previous day’s sell-off, that came on the back of fresh signs of weakening demand in the United States.  That followed major producers announcing a small increase in output. New York’s three main indexes surged after a report on the crucial US services sector showed surprise improvement, soothing worries about a possible recession in the world’s top economy. That came as several companies – including Electronic Arts, Starbucks and Moderna – posted strong earnings, extending a broadly positive reporting sea

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