Asian stocks follow Wall St up as Powell says rates to rise
Asian stocks follow Wall St up as Powell says rates to rise
By JOE McDONALD
BEIJING (AP) — Asian stock markets followed Wall Street higher on Wednesday after Federal Reserve chairman Jerome Powell said monetary policy would return to normal and interest rates might be raised earlier than planned.
Shanghai, Tokyo, Hong Kong and Sydney advanced. Oil prices edged higher.
Wall Street’s benchmark S&P 500 index rose 0.9% after Powell said policy “in all…