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Dollar rises on rate hike talk, stocks hurt by China fears

Shanghai fell 0.91%, Singapore lost 1.54% and Tokyo was down 1.14% by lunch on September 28, 2015An uptick in US economic growth increased expectations the Federal Reserve will hike US interest rates by the end of the year, providing more support to the dollar Monday but concerns over China dragged on stock markets. Thursday will also see the Bank of Japan release its Tankan survey of business confidence, with analysts forecasting a dip in reaction to China’s sharp growth slowdown, which has rattled global markets.

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