Asian shares gained Thursday, although optimism about the Federal Reserve holding back on aggressive interest rate raises was countered by some uncertainty...
TOKYO — Asian shares gained Thursday, although optimism about the Federal Reserve holding back on aggressive interest rate raises was countered by some uncertainty about coronavirus restrictions in China.
Trading was relatively muted in Asia ahead of U.S. markets being closed for Thanksgiving. Benchmarks rose in early trading in Japan, Australia and South Korea, but fell in Shanghai. Oil prices fell. Stocks closed broadly higher on Wall Street after the minutes from the Federal Reserve’s most recent policy meeting showed central bank officials agreed that smaller rate hikes would likely be appropriate “soon.”
Long-term Treasury yields fell. The yield on the 10-year Treasury, which influences mortgage rates, slipped to 3.69% from 3.76%.
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