BEIJING | Asian stocks gain after Fed chief hints rate rises may slow

STL.News



BEIJING  — Most Asian stock markets followed Wall Street higher on Thursday after Federal Reserve Chairman Jerome Powell suggested the pace of U.S. interest rate increases might slow.

KEEPING SCORE: Tokyo’s Nikkei 225 rose 0.4 percent to 22,278.70 and Sydney’s S&P-ASX 200 added 0.6 percent to 5,758.40. Seoul’s Kospi advanced 0.4 percent to 2,116.75 and India’s Sensex gained 1 percent to 36,077.42. The Shanghai Composite Index lost 0.1 percent to 2,597.55 and Hong Kong’s Hang Seng shed 0.3 percent to 26,592.61.

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