Asian stocks rose,
following a rally in U.S. equities, as investors sifted through the
latest data on the world’s biggest economy before the Federal Reserve’s
decision on interest rates.
The MSCI Asia Pacific
Index climbed 0.6 percent to 127.35 as of 9:01 a.m. in Tokyo, with
consumer and material shares leading gains. The Standard & Poor’s
500 Index advanced 1.3 percent on Tuesday as a report showed retail
sales climbed for a second straight month, a sign shoppers may be
looking past recent volatility in financial markets. The Fed is about to
decide whether the economy can withstand higher borrowing costs, with
odds on a rate hike on Thursday holding at 28 percent. That’s down from
more than 50 percent before China roiled global markets by devaluing the
yuan.
Japan’s Topix index
rose 1 percent. South Korea’s Kospi index increased 0.6 percent.
Australia’s S&P/ASX 200 Index added 0.5 percent. New Zealand’s NZX
50 Index gained 0.3 percent. Markets in China and Hong Kong have yet to
start trading.
The Shanghai Composite
Index sank 3.5 percent on Tuesday, bringing its two-day loss to 6.1
percent, amid concern government measures to support the world’s
second-largest equity market and economy are failing.
E-mini futures on the Standard & Poor’s 500 Index slipped 0.1 percent on Wednesday.
Source: Bloomberg
0 komentar :
Post a Comment