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The Independent UK
The Independent UK
National
Yuri Kageyama

Stock market today: Asian shares surge on hopes the Federal Reserve’s rate hikes are done

Copyright 2023 The Associated Press. All rights reserved.

Asian shares were mostly higher Thursday after the U.S. Federal Reserve indicated it may not need to pump the brakes any harder on Wall Street and the economy.

Japan's benchmark Nikkei 225 gained 1.1% in afternoon trading to 31,950.61. Australia's S&P/ASX 200 jumped 0.9% to 6,899.70. South Korea's Kospi surged 1.8% to 2,341.96.

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