GLOBAL MARKETS-Tech leads tentative rally as Powell soothes markets ...Middle East

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GLOBAL MARKETS-Tech leads tentative rally as Powell soothes markets
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Stocks found a footing and swinging bond markets calmed down on Wednesday, with testimony from U.S. Federal Reserve chair Jerome Powell providing investors with reassurance that the central bank has an eye on inflation but is not hastening to hike rates. The rates-sensitive Nasdaq index closed at a record high on Tuesday, while tech stocks were bid in Asia - notably in Taiwan where chipmakers helped the benchmark index rise 1%. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4%. Japan's Nikkei rose 0.3%.

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