Asian markets advance as Alibaba fuels Hong Kong tech rally
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Asian markets rose Friday, with Hong Kong leading the way thanks to a surge in tech stocks led by ecommerce titan Alibaba. The gains put the region on course to end a positive week on a strong note and came as traders weigh the economic outlook in light of Donald Trump's tariffs drive and geopolitical machinations. The yen pulled back a day after rallying past the 150-per-dollar mark following a warning on rising bond yields by Japan's finance minister saw a rethink over bets on how many interest rate hikes the central bank will announce this year. Traders have been dealing with a series of Trump headlines this week that have made them consider their investment strategies, with his mulling of more tariffs adding to inflation worries. Minutes from the Federal Reserve's January policy meeting, released this week, showed officials concerned that the president's trade wars and pledges to cut taxes, regulations and immigration ...