Asian shares mostly rose Tuesday, after Wall Street closed higher on a late buying spree following recent losses as investors await another interest rate increase by the US Federal Reserve this week.
Follow Israel Hayom on Facebook, Twitter, and Instagram
Markets have been jittery over whether the Fed's plan to cool the hottest US inflation in four decades might be too aggressive and throw the economy into a recession by pumping the brakes on growth too hard.
The US market is coming off of its worst week in three months following a surprisingly hot report on inflation and big companies, including FedEx, warning about worsening trends in the economy.
Investors will get another update on the housing sector Wednesday when the National Association of Realtors releases August figures for sales of previously occupied homes.
Average long-term US mortgage rates climbed above 6% last week for the first time since the housing crash of 2008. The higher rates could make an already tight housing market even more expensive for American homebuyers.
