Global Market Today: Asian stocks rise on Fed rate signal, oil gains

Asian stocks rose on Wednesday, with the MSCI Inc.’s Asia Pacific equities index advancing 0.2%. A selloff in semiconductor stocks sent the gauge to its weakest close since August on Tuesday. Earlier, the S&P 500 pared earlier losses to close little changed after New York Fed President John Williams said he continued to see one more rate hike as appropriate this year but no need for further tightening in 2027. Pressure on tech stocks eased slightly.