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Asia-Pacific markets climbed after U.S. President Donald Trump said that he will announce his choice for the next Federal Reserve chair on Friday.
Speaking at the premiere of Melania, a film about first lady Melania Trump, he said the five-month search to replace current chair Jerome Powell was nearing its conclusion.
The process for selecting Powell’s replacement began in September with an 11-candidate field that included past and current Fed officials, economists, and Wall Street investment professionals.
South Korea’s Kospi advanced 1.23% while the small-cap Kosdaq added 0.99%. Japan’s Nikkei 225
