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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