Asian stocks rise, dollar falls ahead of Fed policy decision

Cummins expects Fed to step down to December bps rate hike eh. MSCI’s broadest index of Asia-Pacific shares outside Japan climbed 0.8% after volatility earlier in the day, with Chinese blue chips and Hong Kong stocks reversed losses on hopes of Chinese stocks. Its strict zero-COVID restrictions will be eased.

Unconfirmed news circulating on social media on Tuesday that China plans to reopen from strict COVID-19 restrictions in March, That sparked a sharp rebound after last month’s brutal sell-off. But quarantines and business disruptions in China have surged again, with some analysts not expecting a major policy shift until next year or even next year 178. Hong Kong will hold an investment summit on Wednesday to rebuild the Covid-torn city as the region’s financial hub , Chief Executive John Lee pledged to continue efforts towards the lifting of COVID-19 containment measures. Chinese policymakers also reiterated their support for Hong Kong and welcomed foreign investors to Hong Kong. 225 The Hang Seng Index surged 2.5% after as high as 5.2% in the previous session. 1649 Japan’s Nikkei Index