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Stock market today: Asian shares are mostly higher, tracking a rally on Wall Street

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  Print publication without navigation Published in Stocks and Investing on , Last Modified on 2026-04-17 15:29:16 by ABC

Shares have advanced in Asia after Wall Street resumed its upward climb as an update on inflation appeared to clear the way for more help for the economy from the Federal Reserve

The article from ABC News discusses the performance of Asian stock markets following a rally on Wall Street. Asian shares advanced, with Japan's Nikkei 225 gaining 1.2%, Australia's S&P/ASX 200 rising by 0.7%, and South Korea's Kospi increasing by 0.6%. However, markets in China were mixed, with Hong Kong's Hang Seng slightly up by 0.1% while Shanghai Composite saw a minor decline. This movement in Asian markets was influenced by a positive reaction to U.S. economic indicators suggesting a potential pause in Federal Reserve rate hikes, alongside a drop in U.S. Treasury yields and a weaker dollar. The article also mentions that the S&P 500 and Dow Jones Industrial Average in the U.S. had their best day in months, driven by expectations of a less aggressive monetary policy from the Fed.

Read the Full ABC Article at:
https://abcnews.go.com/US/wireStory/stock-market-today-asian-shares-advance-tracking-rally-116711583