Asian stocks follow Wall Street higher after rebound

مصر أخبار أخبار

Asian stocks follow Wall Street higher after rebound
مصر أحدث الأخبار,مصر عناوين

Asian stocks rose Wednesday after Wall Street rebounded as investors waited for U.S. inflation data that might influence the pace of Federal Reserve interest rate hikes.

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Wall Street's benchmark S&P 500 rose 0.8%, recovering from the previous day's slide.

The Shanghai Composite Index advanced 0.1% to 3,457.44 and the Nikkei 225 in Tokyo gained 0.9% to 27,530.82. The Hang Seng in Hong Kong was 1.6% higher at 24,735.75.New Zealand and Southeast Asia markets rose.The Dow Jones Industrial Average gained 1.1% to 35,462.78. The Nasdaq composite advanced 1.3% to 14,194.45.

Higher interest rates can depress stock prices by dampening economic activity and making it more expensive to borrow money to finance trading.

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