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Asian shares have advanced, boosted by a rally on Wall Street following reports suggesting the economy and corporate profits may be doing better than feared. Markets remained closed in Shanghai for the Lunar New Year holidays. In Tokyo, data showed the core consumer price index was up 4.3%, slightly higher than expected and higher than the Bank of Japan’s target of 2%. On Thursday, Wall Street stocks climbed to their highest level in nearly eight weeks after the Commerce Department reported that the U.S. economy expanded at a 2.9% annual pace in the last quarter, ending 2022 with momentum despite higher interest rates and widespread fears of a looming recession.

Actor James Cromwell ("Murder in the First," "Babe") is 83. Drummer Nick Mason of Pink Floyd is 79. Singer Nedra Talley of The Ronettes is 77.…

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