Asian stocks rise before Fed decision
Asian stock markets regained their balance after experiencing a decline at the start of the session due to sell-offs in American and European markets. The drop in oil prices halted the rise of market fears. The Nikkei 225 in Tokyo closed up 0.7% at 63,923 points, while the Hang Seng Index in Hong Kong increased by 0.2% to 24,713.78 points. The Shanghai Composite index rose by 0.7% to reach 3,891.60 points, with gains also seen in Seoul, Sydney, and other markets. Expectations are now leaning toward the possibility of the U.S. Federal Reserve raising interest rates for the first time since 2023, as inflation and oil prices remain above $100. However, the slight decline in oil prices helped soothe concerns and boosted investor optimism.
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