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Asian shares are trading mostly lower ahead of a closely watched speech by the Federal Reserve chief that may give clues about future interest rate hikes. Markets are also eyeing developments in China, where protests have erupted recently over the “zero-COVID” strategy that has confined millions of people to their homes, sometimes for months. Shares fell in Tokyo but were higher in Sydney, Seoul, Hong Kong and Shanghai. Authorities in China have eased some controls after demonstrations in at least eight mainland cities and Hong Kong. Security forces have detained an unknown number of people. Wall Street finished mixed.

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Former U.N. Ambassador Nikki Haley says she would take the Christmas holiday to mull a possible 2024 presidential bid. That contradicts her statement last year that she wouldn’t enter the race if former President Donald Trump opted to run again. Haley's comments Tuesday at Clemson University resemble her remarks at last week’s Republican Jewish Coalition gathering in Las Vegas. But Haley’s new tone stands in stark contrast with April 2021, when she said she would not seek her party’s nomination if Trump were also running. Her staffers decline to say if such a conversation had taken place, now that Trump is officially in the race.

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Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, Nov. …

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A currency trader passes by the screens showing the foreign exchange rates at the foreign exchange dealing room of the KEB Hana Bank headquart…

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