Asian stock markets were mixed Wednesday ahead of a Federal Reserve decision on how sharply to raise interest rates to cool U.S. inflation.
A man wearing a face mask stands in front of a bank's electronic board showing the Hong Kong share index in Hong Kong, Wednesday, June 15, 2022. Asian stock markets were mixed Wednesday ahead of the Federal Reserve's announcement of how sharply it will raise interest rates to cool U.S. inflation. – Wall Street's benchmark S&P 500 index lost 0.4% on Tuesday.
The Shanghai Composite Index gained 1.8% to 3,348.58 after Chinese factory activity rebounded in May as anti-virus controls that shut down businesses in Shanghai and other industrial centers eased.Hong Kong's Hang Seng gained 1.6% to 21,396.83 while the Nikkei 225 in Tokyo lost 1.1% to 26,326.16. Britain's central bank also has raised rates, and the European Central Bank says it will do so next month.
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