Asian stocks close higher, following positive tone from Wall Street after Fed minutes

Asian stocks closed higher on Thursday (7), following Wall Street, which ended Wednesday’s business on a slightly positive tone after the Federal Reserve’s latest monetary policy minutes (Fed, the US central bank) did not bring news.

Japan’s Nikkei stock index rose 1.47% in Tokyo today to 26,490.53 points, while the Hang Seng gained 0.26% in Hong Kong to 21,643.58 points, South Korea’s Kospi gained 1.84%. in Seoul, at 2,334.27 points, and the Taiex guaranteed the most expressive increase in Taiwan, of 2.51%, at 14,336.27 points.

In mainland China, the Shanghai Composite rose 0.27% to 3,364.40 points, and the less comprehensive Shenzhen Composite rose 0.93% to 2,227.66 points, despite signs that outbreaks of covid-19 in the country still are not under control.

On Wednesday, New York stocks made modest gains in the wake of the Fed’s minutes, which reiterated the need for more rate hikes to contain US inflation, which is at the highest levels in about four decades.

In the document, the American Central Bank assessed that an interest rate hike of 50 or 75 basis points would be “appropriate” at this month’s meeting.

In recent weeks, however, global financial markets have been operating under pressure on fears that the Fed’s monetary tightening will eventually push the US into recession.

In Oceania, the Australian stock exchange was also in the blue this Thursday, up 0.81% from the S&P/ASX 200 in Sydney, at 6,648.00 points.

Source: CNN Brasil

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