Asian shares rise, yen falls after Fed’s stimulus steps
TOKYO (Reuters) – Asian shares extended gains for a seventh day on Thursday, after the U. S. Federal Reserve took new stimulus steps to bolster the economy, pressuring the yen with expectations the Japanese central bank will follow suit with more easing next week. While stocks gained, oil and gold fell from post-Fed rallies, as investors took profits ahead of the year-end. Despite the Fed’s fresh dose of liquidity-pumping measures, the upside for stocks was also contained by concerns about the lack of breakthrough in U. S. . . .
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