Asian stock markets mostly rose after US markets rebounded in anticipation of the Federal Reserve decision on interest rates.
The US central bank concludes its two-day meeting later and is expected to keep interest rates unchanged, despite mixed economic data.
In Australia, the benchmark S&P/ASX 200 closed 1% higher at 5,595.40 points.
The Kospi index in Seoul rebounded from an 11-week low, adding 0.3% to close at 2,034.86 points.
Hong Kong’s Hang Seng finished up 0.7% to 26,753.79, while the Shanghai Composite closed up 1.7% to 4,967.90, ending three days of losses.
Investors seemed to have recovered from the new curbs for margin lending and a flood of new listings this week that had dragged down shares.
On Wall Street, both the Dow and S&P 500 ended Tuesday about 0.6% higher and the technology-focused Nasdaq gained 0.5%.
Many analysts think the Fed might increase interest rates in September and will be watching chair Janet Yellen’s statements on Wednesday for further clues.
via BBC
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