Asian stock markets moved higher as expectations for a Federal Reserve interest-rate increase eased. Oil prices also gained, adding to the day’s market moves.
Japan Leads Regional Gains
MSCI’s Asia Pacific equities index rose 0.4%, while Japanese shares rallied 2%. The gains placed Japan among the strongest performers in the regional session.
Market Focus
The latest moves reflect changing expectations around the Federal Reserve’s rate path. Alongside the advance in equities, higher oil prices were another notable development in global markets.
With limited additional detail available, the reported session was defined by stronger Asian equities, a sharp rise in Japanese shares and easing expectations for a Fed hike.