Asian stocks higher ahead of possible US rate hike

  • 📰 staronline
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 75%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

As investors braced for another sharp interest rate hike by the Federal Reserve to cool inflation.

Shanghai, Hong Kong and Seoul advanced. Tokyo edged lower. Oil rose more than $1 per barrel.

The Shanghai Composite Index rose 0.8% to 3,276.71 while the Nikkei 225 in Tokyo shed less than 0.1% to 27,680.41. The Hang Seng in Hong Kong gained 1.5% to 20,868.29. The Kospi in Seoul added 0.2% to 2,408.60 after the government reported the South Korean economy grew by a stronger-than-expected 0.7% over the previous quarter in the three months ending in June.India's Sensex opened down 0.7% at 55,365.32. 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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines