Get all your news in one place.
100's of premium titles.
One app.
Start reading
Bangkok Post
Bangkok Post
Business

Asian equities jump on Fed hints

The Fed rate announcement displayed on the floor of the New York Stock Exchange on Wednesday. (Photo: Reuters)

Asian stock markets broadly advanced on Thursday as currencies rose following Federal Reserve chairman Jerome Powell mention that the US central bank might soon shift its focus from taming inflation to curbing the economic slowdown.

A benchmark of Asian stocks climbed roughly 0.7%, with technology-heavy bourses the best performers for the day, led by the Taiwan Weighted Index and South Korea's Kospi Index.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.