Asian shares were mostly higher on Wednesday after stocks advanced on Wall Street as investors awaited an update on U.S. inflation that will hopefully show a...
BANGKOK — Asian shares were mostly higher on Wednesday after stocks advanced on Wall Street as investors awaited an update on U.S. inflation that will hopefully show a smaller increase in pain for everyone.
Hong Kong’s Hang Seng index HSI jumped 1.3% and the S&P/ASX 200 XJO in Australia added 0.4%. In Seoul, the Kospi 180721 rose 0.3%. On Tuesday, the S&P 500 SPX rose 0.7% to 4,439.26. The Dow Jones Industrial Average DJIA gained 0.9% to 34,261.42, and the Nasdaq composite COMP added 0.5% to 13,760.70. The week’s main event will arrive later Wednesday, when the U.S. government will offer the latest update on inflation at the consumer level. Economists expect to see another slowdown, with prices 3.1% higher in June than a year earlier, down from inflation of 4% in May and just above 9% last summer.
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