Asian stocks hit a two-month high Monday on expectations of a global economic recovery taking place late 2009 as governments increase stimulus measures to aid ailing economies. As a result, investors are beginning to venture back into riskier assets. Experts tell CNBC to expect a rally late January/early February.

Rio Tinto Group, one of the world’s largest miners, will cut 14,000 jobs and reduce capital investment as part of new measures to reduce its debt amid waning demand for iron ore.

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