Asia shares rise as Fed chief again pushes back on bigger rate hikes; STI up 1.4%

May 13, 2022 10:42 AM

SHANGHAI (REUTERS, BLOOMBERG) – Asian stocks and US equity futures rose on Friday (May 13) amid a bout of calm in global markets after Federal Reserve Chair Jerome Powell again pushed back against speculation of more aggressive interest-rate hikes.

Source : https://www.straitstimes.com/business/companies-markets/asia-shares-rise-as-fed-chief-again-pushes-back-on-bigger-rate-hikes-sti-up-14