Asian stocks rise after Fed chair downplays bigger rate hike


              FILE - The New York Stock Exchange logo adorn trading posts, on the floor, Wednesday, March 16, 2022.  Stocks are opening lower on Wall Street Thursday, May 5,  giving up some of the big gains they made a day earlier. Technology companies were leading the declines. (AP Photo/Richard Drew, File)
            
              People wearing face masks walk past a bank's electronic board showing the Hong Kong share index in Hong Kong, Friday, May 6, 2022. Asian stocks followed Wall Street lower Friday as fears spread that U.S. interest rate hikes to fight inflation might stall economic growth. (AP Photo/Kin Cheung)
            
              People wearing face masks walk past a bank's electronic board showing the Hong Kong share index in Hong Kong, Friday, May 6, 2022. Asian stocks followed Wall Street lower Friday as fears spread that U.S. interest rate hikes to fight inflation might stall economic growth. (AP Photo/Kin Cheung)
            
              A man wearing a face mask walks past a bank's electronic board showing the Hong Kong share index in Hong Kong, Friday, May 6, 2022. Asian stocks followed Wall Street lower Friday as fears spread that U.S. interest rate hikes to fight inflation might stall economic growth. (AP Photo/Kin Cheung)
            
              People wearing face masks walk past a bank's electronic board showing the Hong Kong share index in Hong Kong, Friday, May 6, 2022. Asian stocks followed Wall Street lower Friday as fears spread that U.S. interest rate hikes to fight inflation might stall economic growth. (AP Photo/Kin Cheung)
            
              People wearing face masks walk past a bank's electronic board showing the Hong Kong share index in Hong Kong, Friday, May 6, 2022. Asian stocks followed Wall Street lower Friday as fears spread that U.S. interest rate hikes to fight inflation might stall economic growth. (AP Photo/Kin Cheung)
            
              A man wearing a face mask walks past a bank's electronic board showing the Hong Kong share index in Hong Kong, Friday, May 6, 2022. Asian stocks followed Wall Street lower Friday as fears spread that U.S. interest rate hikes to fight inflation might stall economic growth. (AP Photo/Kin Cheung)
            
              FILE - The New York Stock Exchange logo adorn trading posts, on the floor, Wednesday, March 16, 2022.  Stocks are opening lower on Wall Street Thursday, May 5,  giving up some of the big gains they made a day earlier. Technology companies were leading the declines. (AP Photo/Richard Drew, File)
            
              FILE - The New York Stock Exchange logo adorn trading posts, on the floor, Wednesday, March 16, 2022.  Stocks are opening lower on Wall Street Thursday, May 5,  giving up some of the big gains they made a day earlier. Technology companies were leading the declines. (AP Photo/Richard Drew, File)
            
              FILE - The New York Stock Exchange logo adorn trading posts, on the floor, Wednesday, March 16, 2022.  Stocks are opening lower on Wall Street Thursday, May 5,  giving up some of the big gains they made a day earlier. Technology companies were leading the declines. (AP Photo/Richard Drew, File)
            
              FILE - The New York Stock Exchange logo adorn trading posts, on the floor, Wednesday, March 16, 2022.  Stocks are opening lower on Wall Street Thursday, May 5,  giving up some of the big gains they made a day earlier. Technology companies were leading the declines. (AP Photo/Richard Drew, File)
            
              FILE - The New York Stock Exchange logo adorn trading posts, on the floor, Wednesday, March 16, 2022.  Stocks are opening lower on Wall Street Thursday, May 5,  giving up some of the big gains they made a day earlier. Technology companies were leading the declines. (AP Photo/Richard Drew, File)
            
              FILE - The New York Stock Exchange logo adorn trading posts, on the floor, Wednesday, March 16, 2022.  Stocks are opening lower on Wall Street Thursday, May 5,  giving up some of the big gains they made a day earlier. Technology companies were leading the declines. (AP Photo/Richard Drew, File)
            
              FILE - The New York Stock Exchange logo adorn trading posts, on the floor, Wednesday, March 16, 2022.  Stocks are opening lower on Wall Street Thursday, May 5,  giving up some of the big gains they made a day earlier. Technology companies were leading the declines. (AP Photo/Richard Drew, File)
            
              FILE - The New York Stock Exchange logo adorn trading posts, on the floor, Wednesday, March 16, 2022.  Stocks are opening lower on Wall Street Thursday, May 5,  giving up some of the big gains they made a day earlier. Technology companies were leading the declines. (AP Photo/Richard Drew, File)
            
              FILE - The New York Stock Exchange logo adorn trading posts, on the floor, Wednesday, March 16, 2022.  Stocks are opening lower on Wall Street Thursday, May 5,  giving up some of the big gains they made a day earlier. Technology companies were leading the declines. (AP Photo/Richard Drew, File)
            
              FILE - The Wall St. street sign is framed by the American flags flying outside the New York Stock exchange, Friday, Jan. 14, 2022, in the Financial District. Wall Street is off to a mixed start on Wednesday, May 4,  and bond yields are rising as traders look ahead to an announcement later in the day on interest rates from the Federal Reserve.   (AP Photo/Mary Altaffer, File)
            
              A man wearing a face mask walks past a bank's electronic board showing the Hong Kong share index in Hong Kong, Thursday, May 5, 2022. Asian stock markets followed Wall Street higher on Thursday after the Federal Reserve chairman downplayed the likelihood of bigger rate hikes following the U.S. central bank's biggest increase in two decades. (AP Photo/Kin Cheung)
            
              A woman wearing a face mask walks past a bank's electronic board showing the Hong Kong share index in Hong Kong, Thursday, May 5, 2022. Asian stock markets followed Wall Street higher on Thursday after the Federal Reserve chairman downplayed the likelihood of bigger rate hikes following the U.S. central bank's biggest increase in two decades. (AP Photo/Kin Cheung)
            
              A woman wearing a face mask walks past a bank's electronic board showing the Hong Kong share index in Hong Kong, Thursday, May 5, 2022. Asian stock markets followed Wall Street higher on Thursday after the Federal Reserve chairman downplayed the likelihood of bigger rate hikes following the U.S. central bank's biggest increase in two decades. (AP Photo/Kin Cheung)
Asian stocks rise after Fed chair downplays bigger rate hike