Markets at record highs for 4th straight session; Sensex ends above 32,000

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8:53 AM

Asian shares scaled a two-year top on Thursday as investors wagered policy tightening in the United States would be glacial at best, lifting Wall Street to record peaks and lowering bond yields almost everywhere after US Fed Chair Janet Yellen's testimony.

Yellen's speech was a nod to Wall Street as the Fed signalled it will gradually tighten policy and gradually unwind its massive balance sheet, it said. Investors cheered Yellen's dovish tone, alleviating some concerns over the recent dip in inflation.