Stock market today: Asian shares rise after eased pressure on bonds pushes Wall Street higher

BANGKOK — Shares advanced Wednesday in Asia, tracking Wall Street gains following an easing of pressure from the bond market.In Hong Kong, investor sentiment got a boost from a report by Bloomberg, citing unnamed sources, that the government is considering boosting spending on construction to support the economy.

Australia's S&P/ASX 200 advanced 0.7% to 7,088.40. In India, the Sensex added 0.6% and in Bangkok the SET was up 1.4%. Treasury yields had jumped last week to their highest levels in more than a decade, following the lead of the Fed’s main interest rate, which is at heights unseen since 2001. They’ve been the main reason for the stock market’s stumbles since the summer, as worries rise that the Fed will keep its federal funds rate at a high level for longer than Wall Street hopes.

The Fed's next announcement on interest rates is due Nov. 1. Traders are now betting on a nearly 73% chance that the year will end without any more Fed rate hikes, according to data from CME Group. That's up from the 53% chance seen a week ago. 'You're the joke': Kevin O'Leary's son gave him a stock tip that delivered 1,000% returns and changed his view on growth stocks forever — here's whyThis is a rare opportunity to earn $1,000 in annual passive income for decades with less than $12,300 investment in this super dividend stock. The post Buy 282 Shares of This Super Dividend Stock for $1,000/Year in Passive Income appeared first on The Motley Fool Canada.Telecom stocks now look oversold.

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