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The Independent UK

National

Via AP news wire

Asian shares rise after Wall Street rise, Fed Chair comments

Jerome Powell Asia US Federal Reserve Inflation European Central Bank

Copyright 2022 The Associated Press. All rights reserved

Asian benchmarks rose Friday, cheered by gains on Wall Street as the Federal Reserve chairman assured markets over expected interest rate increases.

Japan's benchmark Nikkei 225 rose 0.6% in afternoon trading to 28,242.31. Australia's S&P/ASX 200 added 0.7% to 6,894.20. Hong Kong's Hang Seng jumped 2.6% to 19,339.03, while the Shanghai Composite added 0.8% to 3,261.34. Trading was closed in South Korea for a holiday.

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