BEIJING | Asian stocks gain after Fed chief hits rate rises may slow
BEIJING— Asian stocks followed Wall Street higher on Thursday after U.S. Federal Reserve Chairman Jerome Powell suggested the pace of interest rate increases might slow.
KEEPING SCORE: The Shanghai Composite Index rose 0.6 percent to 2,605.27 and Tokyo’s Nikkei 225 advanced 0.9 percent to 22,378.46. Seoul’s Kospi added 0.5 percent to 2,118.10 and Sydney’s S&P-ASX 200 gained 0.4 percent to 5,746.10. Hong Kong’s Hang Seng shed 0.1 percent to 26,652.68 while benchmarks in Taiwan, New Zealand and Southeast Asia advanced.