Asian Stocks Surge Ahead of Fed's Key Rate Decision.
TL;DR Summary
The Hang Seng index led gains in the Asia-Pacific region on Wednesday, powered by health-care and consumer cyclical stocks. Nike reported sales in China fell 8% during the holiday quarter even as the country ended its zero-Covid policies. Shares of First Republic soared by more than 38% on Tuesday morning. CEOs from big banks, including JPMorgan's Jamie Dimon and Bank of America's Brian Moynihan, are meeting in Washington Tuesday for a two-day scheduled gathering. Insight Investment believes that inflation will continue to remain high in 2023.
- Hong Kong stocks rise over 2%, leading gains in Asia ahead of Fed's key rate decision CNBC
- Rally in Bank Shares Lifts U.S. Stocks The Wall Street Journal
- Asia shares hope for best as Fed decides on rates Reuters
- Asia Tracks Wall St Rally As Fed Decision Replaces Bank Worries Barron's
- Asian Stocks Rise in Calm Before the Fed Decision: Markets Wrap Yahoo Finance
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