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Asian stocks higher ahead of possible U.S. rate hike

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Asian stocks higher to begin Tuesday ahead of possible U.S. rate hike

Wall Street ended up 0.1% on Monday ahead of this week's Fed meeting at which officials are expected to announce a rate hike of up to three-quarters of a percentage point, triple the usual margin. That would put the Fed’s benchmark rate in a range of 2.25% to 2.5%, the highest since 2018 before the coronavirus pandemic.

Alibaba, China’s biggest e-commerce company said Tuesday it plans to apply for a primary listing in Hong Kong. The move would make Alibaba a dual-primary listed company on the New York Stock Exchange and the Hong Kong Stock Exchange. The Kospi in Seoul added 0.3% to 2,408.85 and Sydney's S&P-ASX 200 was 0.1% higher at 6,798.00. New Zealand retreated while Southeast Asian markets gained.

The major indexes are coming off solid gains last week following a mix of mostly better-than-expected reports on corporate profits.

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yupp been telling everyone i know to invest in the Asian market for months now.

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