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The Sydney Opera House Sydney, New South Wales, Australia. Gallo Images | Brand X Pictures | Getty Images Asia-Pacific stocks rose as hopes for rate cuts by the European Central Bank boosted market sentiment, while major indexes in the U.S. hit fresh highs overnight. The European Central Bank this week appears set to cut borrowing costs for the euro area for the first time since September 2019. Japan’s Nikkei 225 climbed 1.01%, closing in on the 39,000 mark for the first time in two weeks, while the broad-based Topix gained 0.65%. In Australia, the S&P/ASX 200 inched up 0.83%, ahead…
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