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Asian shares rise after ‘relief rally’ on Wall Street

A currency trader stands near the screens showing the foreign exchange rates at a foreign exchange dealing room in Seoul, South Korea, Tuesday, Oct. 4, 2022. Asian shares rose Tuesday, encouraged by a rally in U.S. shares after some weak economic data raised hopes that the Federal Reserve might ease away from aggressive interest rate hikes. (AP Photo/Lee Jin-man) A currency trader walks by the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at a foreign exchange dealing room in Seoul, South Korea, Tuesday, Oct. 4, 2022. Asian shares rose Tuesday, encouraged by a rally in U.S. shares after some weak economic data raised hopes that the Federal Reserve might ease away from aggressive interest rate hikes. (AP Photo/Lee Jin-man) A currency trader walks by the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at a foreign exchange dealing room in Seoul, South Korea, Tuesday, Oct. 4, 2022. Asian shares rose Tuesday, encouraged by a rally in U.S. shares after some weak economic data raised hopes that the Federal Reserve might ease away from aggressive interest rate hikes. (AP Photo/Lee Jin-man) Visitors make photos with the 4-foot bronze Fearless Girl statue opposite the New York Stock Exchange, Monday, Oct. 3, 2022, in New York. Wall Street rallied to its best day since late July as the S&P 500 rose 2.6%. (AP Photo/Bebeto Matthews)