Major stock markets in Asia followed Wall Street higher on Tuesday, as concerns over a hawkish Fed eased and investors refocus on post-pandemic growth. The Nikkei led the gains, bouncing back from falls of over 3% on Monday. Equities in Hong Kong fell, however, amid deepening China’s regulatory curbs on bitcoin trading. Investors have been digesting a sharp shift in the Fed’s approach to managing the US economic recovery after the central bank signaled last week that it may raise interest rates twice by late 2023.
