Shoppers walk through the Pitt Street Mall on June 7, 2022 in Sydney, Australia.
Brendon Thorne | Getty Images News | Getty Images
Asia-Pacific stocks rose on Wednesday as sentiment improved overnight against a potentially less aggressive Fed.
that of Hong Kong Hang Seng Index was up 1% at 15,317.67 after three consecutive negative sessions. The Hang Seng Tech index gained 2.48%.
In mainland China, the Shanghai composite added 0.78% to 2,999.50 and the Shenzhen Component gained 1.678% to 10,818.33 – China’s Securities Regulatory Commission said on Tuesday it intends to accelerate the development of a “regulated, transparent, open, vibrant and resilient” market.
Australia’s annual consumer price index hit its highest level since December 1990. S&P/ASX 200 rose 0.18% to 6,810.90. The Australian dollar last stood at $0.6468.
The Nikki 225 in Japan rose 0.67% to 27,431.84, and Topix gained 0.58% to 1,918.21. South Korea Kospi gained 0.65% to 2,249.56 – MSCI’s broadest index of Asia-Pacific stocks outside Japan rose 0.92%.
The Indian market is closed for holidays. In commodity markets, oil prices fell more than 1%, then pared some losses as data showed U.S. crude inventories rose more than expected last week. Brent futures fell 0.9% to $92.68 a barrel, while U.S. Crude Futures lost 0.66% to $84.76 a barrel.
Night in the United States, major indexes rose for a third straight session as bond yields slipped. The Dow Jones Industrial Average closed up 337.12 points, or about 1.1%, to end at 31,836.74. The S&P 500 rose 1.6%, closing at 3,859.11. The Nasdaq Composite jumped 2.2%, landing at 11,199.12.
“Markets rebounded overnight on better earnings reports and speculation that the monetary policy tightening cycle may be coming to an end,” analysts wrote in a note from ANZ Research, adding that falling consumer confidence and house prices indicate that tightening policies could start to reduce demand. .
