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Asian shares gain after earnings-fueled rally on Wall Street

November 23, 2022
Source: bigrapidsnews.com bigrapidsnews.com
News Snapshot:
This is a carousel. Use Next and Previous buttons to navigate BANGKOK (AP) — Asian shares advanced on Wednesday after solid earnings pushed retailers higher on Wall Street ahead of the Thanksgiving holiday in the U.S. New Zealand's share benchmark fell 0.9% after the Reserve Bank of New Zealand raised its benchmark rate by three-quarters of a point to 4.25%, striving to rein in inflation that is now at 7.2%. It’s the first time the bank has raised rates by more than a half-point since introducing the Official Cash Rate in 1999. The new rate is the highest in New...
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