Stock market today: Asian stocks follow Wall Street higher ahead of Federal Reserve conference

Asian stocks have followed Wall Street higher as traders wait for signs of interest rate plans from this week’s Federal Reserve conference. Tokyo, Hong Kong and Seoul rose Tuesday. Shanghai declined. Oil prices edged lower. Wall Street’s benchmark S&P 500 index rose for its first gain in five days as tech stocks rallied. Traders hope officials at the Fed’s summer Jackson Hole, Wyoming, conference say they are finished raising interest rates that are at a two-decade high. But forecasters warn they might say inflation isn’t under control yet.