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"Asian stock markets rally on US recovery hopes SEOUL, South Korea (AP) — Asian stock markets rallied Wednesday as solid U.S. housing sales data and overnight gains on Wall Street raised expectations for a strong recovery in the world's largest economy. The U.S. Commerce Department said Tuesday that new home sales leaped 16.6 percent last month to a seasonally adjusted rate of 619,000, the highest level since January 2008. Steady job gains and low mortgage rates have encouraged more Americans to buy new homes in a sign that the housing market and the broader economy are in good shape.", www.sfchronicle.com
"NEW YORK (AP) U.S. stocks are on pace for their biggest gain since March as technology companies like Apple and Microsoft climb. Homebuilder stocks rose sharply after the government reported that sales of new homes reached an eight-year high...", www.santacruzsentinel.com
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