BANGKOK (AP) — Shares surged Wednesday in Asia following a rally on Wall Street spurred by signs the Federal Reserve is ready to cut interest rates to support the U.S. economy against risks from escalating trade wars.
Japan’s Nikkei 225 index jumped 1.8 percent to 20,773.86 while the Hang Seng in Hong Kong advanced 0.7 percent to 26,953.77. The Shanghai Composite index gained 0.6 percent to 2,880.18 and Australia’s S&P ASX 200 climbed 0.6 percent to 6,367.20. South Korea’s Kospi added 0.2 percent to 2,071.06. Shares also rose in Taiwan and Southeast Asia.