Asian stocks rally tracking Wall St strength, easing Fed fears

Investing.com-- Most Asian stocks rose sharply on Friday, encouraged by strength on Wall Street and increased bets that the Federal Reserve was done with its run of interest rate hikes, although focus still remained on key U.S. payrolls data due later in the day.A drop in Treasury yields also saw Wall Street indexes close higher overnight, which in turn provided a strong lead-in to Asian markets.) surged between 2.

indexes rose about 1% each, even as a private survey showed that Chinese service sector activity grew less than expected in October.While Chinese stocks saw some gains this week, a bulk of these gains were driven by bargain buying, given that other economic readings for October showed a surprise decline inWe encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other.

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Stock market today: Asian shares track Wall Street gains ahead of Fed decision on interest ratesAsian shares are mostly higher after Wall Street advanced to claim back some of the ground it gave up in another losing month. Tokyo's benchmark jumped 2.4%. Investors are awaiting a decision by the Federal Reserve Wednesday on interest rates. On Tuesday, the S&P 500 rose 0.6%, though it fell 2.2% in the month of October.
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