Stock market today: Asian stocks follow Wall Street higher ahead of Federal Reserve conference
Asian stocks have followed Wall Street higher as traders wait for signs of interest rate plans from this week’s Federal Reserve conference
By JOE McDONALD
Published - Aug 22, 2023, 01:36 AM ET
Last Updated - Aug 22, 2023, 05:30 AM EDT
BEIJING (AP) — Asian stocks followed Wall Street higher on Tuesday as traders waited for signs of interest rate plans from this week's Federal Reserve conference.
Tokyo, Hong Kong and Seoul rose. Shanghai declined. Oil prices edged lower.
Wall Street's benchmark S&P 500 index rose Monday for its first gain in five days as tech stocks rallied.
Traders hope officials at the Fed's summer Jackson Hole, Wyoming, conference say they are finished raising interest rates that are at a two-decade high. But forecasters warn they might say inflation isn't under control yet.
