Asian markets follow Wall St higher as recession fears ease
Share
Tweet
July 8, 2022
BEIJING (AP) — Asian stock markets followed Wall Street higher Friday after two Federal Reserve officials said the U.S. economy might avoid a recession and a news report said China might boost construction spending to stimulate its struggling economy.
Tokyo's main stock market index gave up some of its gains following the shooting of a former Japanese prime minister, Shinzo Abe, but stayed in positive territory for the day.
Shanghai, Hong Kong and Sydney also advanced. Oil prices declined but stayed above $100 per barrel.
Wall Street's benchmark S&P 500 index rose 1.5% on Thursday after a memb...
For access to this article please
sign in or
subscribe.
Reader Comments(0)