Asian shares rise on hopes of rate hike slowdown


Source: reuters.com reuters.com

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[1/2] Passersby are silhouetted as they walk past in front of an electric stock quotation board outside a brokerage in Tokyo, Japan October 18, 2022 REUTERS/Issei Kato SINGAPORE, Oct 26 (Reuters) - Asian shares edged higher on Wednesday as investors clung to hopes that the pace of U.S. and global rate hikes will start to slow, though U.S. futures dropped after disappointing results from tech giants Alphabet (GOOGL.O) and Microsoft (MSFT.O). E-mini futures for the S&P 500 fell 1% in early trade after Google-owner Alphabet posted softer-than-expected ad sales after the bell and Microsoft missed expected revenue forecasts, possible early...