Shares advanced in Asia on Tuesday after another wobbly day on Wall Street extended a losing streak for markets.
Hong Kong’s Hang Seng HK:HSI gained 2.2% while the Nikkei 225 JP:NIK in Tokyo edged 0.4% higher. In Seoul, the Kospi KR:180721 rose 0.8%.Hong Kong’s Hang Seng HSI gained 2.2% while the Nikkei 225 NIK in Tokyo edged 0.4% higher. In Seoul, the Kospi 180721 rose 0.8%.
Investors also are watching for comments by Federal Reserve officials that might provide insight into the U.S. economic outlook and future policy moves. On Monday the S&P 500 SPX fell 0.4% to 4,008.01. It’s coming off of a six-week losing streak. The Dow Jones Industrial Average DJIA eked out a gain, rising 0.1% to 32,223.42.The Federal Reserve is gradually pushing its benchmark short-term interest rate off its record low near zero, where it spent most of the pandemic. It also said it may continue to raise rates by double the usual amount at upcoming meetings.
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