South Korea Financial Markets

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Nov. 18, 2022. Asian stocks were mixed Friday after Wall Street declined following indications the Federal Reserve might raise interest rates higher than expected to cool inflation.

BEIJING (AP) — Asian stock markets fell Friday while Europe opened higher after a Federal Reserve official suggested U.S. interest rates might have to be raised higher than expected to cool inflation.

London and Frankfurt advanced while Shanghai, Hong Kong and Tokyo declined. Wall Street futures were lower. Oil prices gained.

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