Stocks in Asia Set to Gain as Traders Await Fed: Markets Wrap

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Stocks in Asia were poised for modest advances after a rally in crude oil buoyed U.S. equities, while Treasury yields and the dollar rose with investors bracing for a Federal Reserve policy decision.

Oil companies were up in Australia, underpinning gains in the benchmark. Crude and U.S. energy shares climbed as the OPEC-led alliance of major oil producers accelerated the time line for curbing a worldwide supply glut. Futures indicated gains for Hong Kong’s stock index, while Japan is closed for a holiday.

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