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

28Nov - by Editor - 0 - In STL.News



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.

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