Asia Markets: Asian shares rise after Fed signals U.S. rate cut likely

BANGKOK (AP) — Shares rose Thursday in Asia, tracking gains on Wall Street after Federal Reserve Chairman Jerome Powell suggested the U.S. central bank is ready to cut interest rates for the first time in a decade.

Hong Kong’s Hang Seng HSI, +0.75% jumped 1.2%, while the Shanghai Composite SHCOMP, +0.05% dded 0.3% to 2,924.85. In Japan, the Nikkei 225 index NIK, +0.51% climbed 0.5% to 21,638.58 while South Korea’s Kospi 180721, +1.06% advanced 1.2% to 2,083.79. Australia’s S&P ASX 200 XJO, +0.39% gained 0.5%. Shares also rose in Taiwan and Southeast Asia.

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