Hang Seng bounce by 2%; Inflation in Australia hits 32-year high

Shoppers stroll the Pitt Street Mall on June 07, 2022 in Sydney, Australia.

Brendon Thorne | Getty Images News | Getty Images

Stocks in the Asia-Pacific region rose on Wednesday as sentiment improved overnight due to the prospect of the Federal Reserve becoming less aggressive.

Hong Kong Hang Seng Index It swung at the open before rallying 2%, after three consecutive negative sessions. Hang Seng Tech is up more than 3%. in mainland China, Shanghai boat About 1% and . have been added Shenzhen Component 1.661% profit.

Australia’s annual consumer price index reached its highest level since December 1990. S & P / ASX 200 It rose 0.25% prior to the report before giving up some gains to trade 0.2% higher. The Australian dollar It stood at $0.6388 in the past.

The Nikkei 225 In Japan, it rose 1.17%, and Topix rose 0.93%. South Korea Cosby Gaining 0.94% and the KOSDAQ index rose 0.15%. MSCI’s broadest index of Asia Pacific shares outside Japan rose 0.94%.

India market is closed for holiday. In corporate news, Standard Chartered, Ping AnAnd the SK Hynix Among the companies scheduled to announce earnings Wednesday.

Overnight in the United States, Major indices rose for the third consecutive session as bond yields fell. The Dow Jones Industrial Average closed up 337.12 points, or about 1.1%, to close at 3,1836.74 points. The S&P 500 advanced 1.6% to close at 3,859.11. The Nasdaq Composite Index rose 2.2%, falling at 11,199.12.

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“Markets rebounded overnight, driven by better earnings reports and speculation that the monetary tightening cycle may be nearing its end,” analysts wrote in an ANZ research note, adding that lower consumer confidence and house prices suggest that tightening policies may be beginning to dampen demand. .

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