The New York Stock Exchange. (AP Photo/Mark Lennihan, File)
Asian stock markets were mostly higher Wednesday, as optimism mounted ahead of a Federal Reserve decision on whether to raise interest rates.
Japan’s Nikkei 225 index gained 0.8% while Hong Kong’s Hang Seng index rose 2.8%. The Shanghai composite index surged 4.9%.
U.S. stock futures were around 1% higher before the start of regular trading.
European shares were higher in early trading Wednesday.
Wall Street rallied Tuesday ahead of the Fed’s two-day policy meeting, set to begin Wednesday.
Some economists say it’s time to start gradually raising interest rates for the first time in nearly a decade given that the U.S. job market has more or less recovered. Others argue rates should remain on hold amid global stock market turmoil and China’s slowdown, among other factors.
The Fed’s decision is expected Thursday though Asian equity markets won’t be able to react until a day after.
Contributing: Associated Press
Markets, Story Stocks
This entry passed through the Full-Text RSS service – if this is your content and you’re reading it on someone else’s site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers.