Stock market today: Asian shares mostly rise after Wall Street rally

Asian shares are mostly rising after Wall Street rallied to its best day since June after pressures from the bond market relaxed a bit. Benchmarks rose in Tokyo, Sydney, Seoul, Hong Kong and Shanghai in afternoon trading. A major event of the week for markets is a speech later in the day by U.S. Federal Reserve Chair Jerome Powell. The hope among traders has been that the Fed has already hiked rates for the final time this cycle. Treasury yields eased after a report suggested the U.S. economy may be cooling. Oil prices slid.