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Asia-Pacific markets opened higher on Friday, diverging from Wall Street, where major indexes closed lower due to tech stock declines. The People’s Bank of China plans to cut interest rates as economic conditions change, with the current reverse repo rate at 1.5%. China also intends to impose export restrictions on technology used for battery components and critical minerals. Meanwhile, political uncertainty in South Korea continues as corruption investigations target impeached President Yoon Suk Yeol. In the U.S., the Dow, S&P 500, and Nasdaq experienced consecutive declines, with notable losses from major tech companies like Apple and Tesla.
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