Stock market today: Asian stocks follow Wall Street higher ahead of Federal Reserve conference

📆 22/08/2023 9:36:00

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Asian stocks have followed Wall Street higher as traders wait for signs of interest rate plans from this week’s Federal Reserve conference.

📆 22/08/2023 9:36:00
📰 AP

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Fed Chair Jerome Powell “may even mention that further rate hikes cannot be entirely ruled out,” said Clifford Bennett of ACY Securities in a report.

The Kospi in Seoul added 0.2% to 2,515.07 while Sydney’s S&P-ASX 200 was less than 0.1% lower at 7,113.30. The Dow Jones Industrial Average slipped 0.1% to 34,463.69. The Nasdaq composite climbed 1.6% to 13,497.59.

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