Asian stock markets rose Wednesday ahead of the release of minutes from a Federal Reserve meeting that investors hope might show the U.S. central bank is...
BEIJING — Asian stock markets rose Wednesday ahead of the release of minutes from a Federal Reserve meeting that investors hope might show the U.S. central bank is moderating its plans for more interest rate hikes to cool inflation.
Wall Street fell Tuesday in the year’s first trading day after recording its biggest annual decline in 14 years in 2022. The Nikkei 225 NIK in Tokyo sank 1.4%. The Hang Seng HSI in Hong Kong rose 2% while the Shanghai Composite Index SHCOMP gained 0.3%. On top of concerns about inflation, investors worry about the impact of Russia’s war against Ukraine and China’s COVID-19 outbreaks.
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