Asia markets rally as Fed rate rise seen delayed

Customers browse for goods in a supermarket in Fuyang, east China's Anhui province on October 14, 2015An increasing expectation the Federal Reserve will keep interest rates at record lows fed further gains in Asia’s stock markets on Friday but the dollar edged up against most emerging currencies following recent losses. The main story behind the latest rally has been the likelihood the Fed will have to put off a rate hike until the new year owing to a slowdown in world economic growth. After saying in early 2015 that a rise was expected as the US economy picked up pace, bank policymakers have gradually lowered their expectations, with turmoil unleashed by China’s yuan depreciation in August playing a major role.

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