Asian equities go up

Asian equities go up

On Wednesday, Asian stocks rallied following upbeat regional mood and Wall Street finish.

Japan's Nikkei 225 edged up 0.78%, Australia's S&P/ASX 200 inched up 0.54%.

Additionally, three of Australia’s so-called Big Four financial institutions traded lower. Stocks of ANZ went down 0.32%, Westpac lost 0.34%, the National Australia Bank dived 0.23%, but Commonwealth Bank stocks headed north 0.41%.

The Shanghai Composite climbed 0.50%, the Hang Seng index added 0.85%.

Financial markets were waiting for Fed gathering later in the day for more clues on the interest rate path next year.

With Fed minutes from the November gathering due, market experts don’t expect anything in the comments to dissuade investors from assigning a high probability of a December rate lift.

Overnight, the S&P 500 managed to soar 0.7% to conclude at 2,599.03, which is an all-time maximum. Besides this, the index also rallied above 2,600 for the first time during the trading session.



ECB Meeting

Traders are impatiently waiting for the European Central Bank’s meeting on October 26…


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