Asian shares advance on back of Wall Street rally
Asian shares are higher after stocks rallied on Wall Street, including the banks most beaten down by the industry's crisis
By ELAINE KURTENBACH
Published - Mar 22, 2023, 01:10 AM ET
Last Updated - Jun 22, 2023, 02:55 PM EDT
BANGKOK (AP) — Asian shares advanced Wednesday after a Wall Street rally led by the banks most beaten down by the industry’s crisis.
Oil prices fell back and U.S. futures were little changed.
Investors are awaiting an interest rate decision by the Federal Reserve, which is expected to temper its efforts to tame inflation given the recent turmoil that has wracked the banking sector. Some of Wall Street’s fear washed out after U.S. Treasury Secretary Janet Yellen said the government could offer the banking industry more assistance if needed.
