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Nikkei Asia300 Index gains as Chinese banks rally

Investors await Fed rate decision, China inflation data

MUMBAI (NewsRise) -- Asian stocks outside of Japan rose Wednesday, led by mainland lenders ahead of China's inflation data and U.S. Federal Reserve's policy decision.

The Nikkei Asia300 Index advanced 0.4% to 1,379.83. China Construction Bank (CCB) rallied 4.5%, Industrial and Commercial Bank of China (ICBC) rose 3.3%, and Bank of China (BOC) and Agricultural Bank of China (ABC) added 2.2% or more. China's retail inflation is due early Thursday, and the Fed will most likely raise rates for the third time this year later Wednesday.

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