SINGAPORE — Shares in Asia-Pacific were set to rise on Friday after a comeback on Wall Street as investors continued to digest the Fed’s plans to fight inflation.

Japan’s Nikkei futures contract was in Chicago at 27,125. Its counterpart in Osaka at 27,030. There are Nikkei 225Closed at 26.888.57 on Wednesday

Australia’s SPI futures contract stood at 7,457. S&P/ASX 200‘s close at 7,442.8.

The close of major stock indexes in America reversed their losses and slightly rose.

Dow Jones Industrial Average gained an additional 87.06 percent or 0.25% to 34,583.57, after it lost 300 earlier in session. The S&P 500 was up 0.43% at 4,500.21, and the Nasdaq Composite inched up 0.06% to 13,897.30 following two straight days of losses.

The market rebound was fueled by defensive stocks like consumer staples, health care and other essentials.

“The Fed’s reaction minutes earlier yesterday morning continued dominating markets overnight,” Taylor Nugent of the National Australia Bank economist, said. wrote in a note.