Wu Lin’an (2nd, L) advices an investor on current trends in China's stock market during a “street stock salon” in central Shanghai, China, August 29, 2015. REUTERS/Aly Song
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Asian and European stocks rose, extending a global equity rally, while Indonesia's rupiah was headed for its best week since 2001 as investors piled back into riskier assets amid speculation the Federal Reserve won't be raising interest rates until risks from outside the U.S. subside.The rupiah and Malaysia's ringgit both gained more than 7 percent since last Friday, sending the Bloomberg JP Morgan Asia Dollar Index to a two-month high.MSCI Asia Pacific Index rose 1.9 percent by 3:04 p.m. in Tokyo, headed for a 5.8 percent gain this week.The gauge of Chinese shares in Hong Kong rallied 1.6 percent to take its gain this week to 8 percent.Japan's Topix index jumped 2.3 percent to cap a weekly advance of 4.9 percent.Markets in Taiwan and South Korea are closed for holidays Friday, while Japan's will be shut Monday.Emerging-market currencies headed for their biggest weekly gain in more than six years. A Bloomberg index tracking 20 developing-nation currencies climbed 3.3 percent this week, recovering from its biggest quarterly loss since 2011 .
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