Hong Kong’s Hang Seng index jumped 2.4% to 18,828.91 while the Shanghai Composite index added 1% to 3,166.62. Tokyo’s Nikkei 225 was up 0.6% at 32,899.99.Shares also rose in Taiwan and Southeast Asia.Friday on Wall Street, the S&P 500 finished 0.2% to 4,515.77. The Dow Jones Industrial Average rose 0.3% to 34,837.71. The Nasdaq composite closed less than 0.1% lower, at 14,031.81, breaking a five-day winning streak.
. But they also make the central bank’s task of taming inflation more difficult by fueling wage and price increases. But recent economic snapshots have bolstered the view on Wall Street that the Fed may hold rates steady at its next policy meeting in September. Bond yields were mostly rose Friday. The yield on the 2-year Treasury, which tracks expectations for the Fed, got as high as 4.91% at one point, but fell to 4.88% by late afternoon. It was at 4.87% late Thursday. The yield on the 10-year Treasury, which influences interest rates on mortgages and other consumer loans, rose to 4.17% from 4.11%.
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