Asian Markets Follow Wall Street’s Recovery, in Partial Comeback
“As we look forward, the market drivers of better economic prospects
and higher profits have not changed at all,” Steve M. Duryee, a portfolio manager at Morgan Stanley’s Bergman Continuum Group, a wealth management firm, said in an email to clients
Futures contracts that track stocks in the United States were only a bit lower, suggesting
Wall Street’s wild ride may slow down after several dramatic days of dips and bumps.
Inflation could spur the Federal Reserve to raise interest rates faster than many had expected, essentially
making it more expensive for people around the world to borrow and pay back loans in American dollars.
HONG KONG — Asian markets followed Wall Street’s lead and rose on Wednesday, making up some —
but not most — of the ground they gave up during a global sell-off the day before.
Growth, wages and other measures of economic health in the United States remain healthy, giving investors reasons to start buying stocks again.