South Korea shares rise with Asia Wall Street tracking gains on the hopes of the Federal Reserve rate star-news.press/wp

Asia and the Pacific Ocean on Monday, followed the gains of Wall Street after the Federal Reserve Chairman, Jerome Powell, indicated that the central bank could start mitigating monetary policy next month in his annual speech expected widely in Jackson Hall, Wyoming.

The KOSPI index in South Korea increased by 0.67 %, while small Kosdaq offers 1.91 %.

In Japan, the Nikkei 225 index increased by 0.69 %, while the broader Topix index added 0.27 %.

S&P/ASX 200 in Australia has made previous gains to 0.27 %, after crossing the 9000 threshold earlier in the session.

The Chinese CSI 300 increased by 1.39 %, while the Hang Kong Index in Hanging increased by 1.21 %.

Elsewhere in the Asia Pacific region, market monitors are waiting for the consumer price index in Singapore for the month of July. Reuters economists expect to be a 0.6 % increase on an annual basis, consistent with the previous month.

Futures of stocks in the United States did not change slightly in the early Asian hours, where investors are waiting for artificial intelligence, darling Nafidiaearnings.

Last Friday, the blue slide rose 846.24 points, or 1.89 %, to a record level of 45,631.74.

Meanwhile, the wide S&P market increased by 1.52 % to 6466.91, while the height of its session was only three points from its record. The heavy nasdaq compound in technology gained 1.88 %, ending from the session at 21,496.53.

– Tanaya Macheel from CNBC contributed to this report.