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Asian shares gain after Fed chair signals slower rate hikes

December 1, 2022
Source: bigrapidsnews.com bigrapidsnews.com
News Snapshot:
This is a carousel. Use Next and Previous buttons to navigate BANGKOK (AP) — Shares advanced in Asia on Thursday after a rally on Wall Street spurred by the Federal Reserve chair's comments on easing the pace of interest rate hikes to tame inflation. Signs that China may be shifting its approach to containing COVID-19 outbreaks to focus more on vaccinations also helped drive buying of shares across the region. Tokyo's Nikkei 225 index added 0.9% to 28,226.08 while the Hang Seng in Hong Kong advanced 1.4% to 18,859.73. The Shanghai Composite index climbed 0.5% to 3,166.23. In Seoul, the...
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