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Asian markets mostly rise as traders weigh rates outlook
Asian markets mostly rise as traders weigh rates outlook

Most Asian markets squeezed out gains Monday as traders weighed the chances of the Federal Reserve cutting interest rates this year after a forecast-busting US jobs report dented hopes for a first move in June. The sliver of hope for a halt to fighting weighed on oil prices Monday, with both main contracts down more than one percent.

S. Korea probes Temu over alleged false ads, unfair practices: Yonhap
S. Korea probes Temu over alleged false ads, unfair practices: Yonhap

South Korean regulators are investigating the hugely popular Chinese shopping app Temu on suspicion of false advertising and unfair practices, the Yonhap news agency reported Monday. The South Korean probe report follows similar concerns voiced by regulators and lawmakers in other parts of the world, especially over the firm's use of personal data.