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Asian shares gain after Fed chair signals slower rate hikes

A man walks by monitors showing the Japanese yen against other foreign currencies at a securities firm in Tokyo, Thursday, Dec. 1, 2022. Shares have advanced in Asia after a rally on Wall Street spurred by the Federal Reserve chair's comments on easing the pace of interest rate hikes to tame inflation.(AP Photo/Hiro Komae) Tokyo fire department personnel wait for a traffic light, standing by monitors showing Japan's Nikkei 225 index at a securities firm in Tokyo, Thursday, Dec. 1, 2022. Shares have advanced in Asia after a rally on Wall Street spurred by the Federal Reserve chair's comments on easing the pace of interest rate hikes to tame inflation.((AP Photo/Hiro Komae) A woman walks across an intersection near monitors showing Japan's Nikkei 225 index at a securities firm in Tokyo, Thursday, Dec. 1, 2022. Shares have advanced in Asia after a rally on Wall Street spurred by the Federal Reserve chair's comments on easing the pace of interest rate hikes to tame inflation.((AP Photo/Hiro Komae) A woman uses her phone in front of monitors showing Japan's Nikkei 225 index at a securities firm while waiting for a traffic light in Tokyo, Thursday, Dec. 1, 2022. Shares have advanced in Asia after a rally on Wall Street spurred by the Federal Reserve chair's comments on easing the pace of interest rate hikes to tame inflation.(AP Photo/Hiro Komae) A man walks by monitors showing the Japanese yen against the U.S. dollar at a securities firm in Tokyo, Thursday, Dec. 1, 2022. Shares have advanced in Asia after a rally on Wall Street spurred by the Federal Reserve chair's comments on easing the pace of interest rate hikes to tame inflation.( (AP Photo/Hiro Komae)