Beijing, February 01, 2023, SPA -- Asian stock markets were higher Wednesday after Wall Street rose ahead of what traders hope will be the last Federal Reserve interest rate hike for some time, the Associated Press reported.
Shanghai, Tokyo, Hong Kong, and Sydney advanced. U.S. futures declined. Oil prices gained.
The Nikkei 225 in Tokyo advanced less than 0.1% to 27,338.09, and the Hang Seng in Hong Kong added 0.3% to 21,902.35.
The Kospi in Seoul rose 0.4% to 2,433.39, and Sydney’s S&P-ASX 200 was 0.3% higher at 7,498.00.
India’s Sensex opened up 0.8% at 60,015.24. Singapore declined while New Zealand and other Southeast Asian markets rose.
In energy markets, benchmark U.S. crude rose 33 cents to $79.20 per barrel in electronic trading on the New York Mercantile Exchange. The contract gained 97 cents on Tuesday to $78.87. Brent crude, the price basis for international oil trading, advanced 24 cents to $85.70 per barrel in London. It fell 41 cents from the previous session to $84.49.
The dollar gained to 130.25 yen from Tuesday’s 130.21 yen. The euro edged up to $1.0867 from $1.0865.
--SPA
10:56 LOCAL TIME 07:56 GMT
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