Asia stocks take heart from Wall Street rally

August 27, 2015 6:27 AM

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Asia stocks take heart from Wall Street rally

TOKYO Asian stocks rose on Thursday as a sharp rebound on Wall Street eased fears of a protracted global market rout, while the dollar steadied as risk appetite returned.

Sentiment was also supported by comments from New York Fed President William Dudley on Wednesday who said the prospect of a September rate hike "seems less compelling" than it was only weeks ago given the threat posed to the U.S. economy by recent market turmoil.

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