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Asian stocks follow Wall St up on hopes of rate hikes easing

Currency traders work near screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between the U.S. dollar and South Korean won at a foreign exchange dealing room in Seoul, South Korea, Wednesday, Oct. 26, 2022. Asian stock markets followed Wall Street higher on Wednesday as hopes rose that the Federal Reserve might ease off plans for interest rate hikes and Britain installed its third prime minister this year. (AP Photo/Lee Jin-man) A currency trader walks near screens at a foreign exchange dealing room in Seoul, South Korea, Wednesday, Oct. 26, 2022. Asian stock markets followed Wall Street higher on Wednesday as hopes rose that the Federal Reserve might ease off plans for interest rate hikes and Britain installed its third prime minister this year. (AP Photo/Lee Jin-man) A currency trader works near screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between the U.S. dollar and South Korean won at a foreign exchange dealing room in Seoul, South Korea, Wednesday, Oct. 26, 2022. Asian stock markets followed Wall Street higher on Wednesday as hopes rose that the Federal Reserve might ease off plans for interest rate hikes and Britain installed its third prime minister this year. (AP Photo/Lee Jin-man) A currency trader walks near a screen showing the Korea Composite Stock Price Index (KOSPI) at a foreign exchange dealing room in Seoul, South Korea, Wednesday, Oct. 26, 2022. Asian stock markets followed Wall Street higher on Wednesday as hopes rose that the Federal Reserve might ease off plans for interest rate hikes and Britain installed its third prime minister this year. (AP Photo/Lee Jin-man) A street light brightens a Wall Street sign outside the New York Stock Exchange, Monday, Oct. 3, 2022, in New York. Stocks are off to a mostly higher start on Wall Street, Tuesday, Oct. 25, as traders take in a big round of earnings reports from big U.S. companies. (AP Photo/Bebeto Matthews, File)