Global Shares Follow Wall Street Higher on Hopes for End to Fed Rate Hikes

Currency traders work near the screens showing the Korea Composite Stock Price Index (KOSPI), (C), and the foreign exchange rate between U.S. dollar and South Korean won, (R), at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, on Nov. 3, 2023. Ahn Young-joon/AP

HONG KONG—World shares advanced on Friday after Wall Street roared higher on bets that market-rattling interest rate hikes are coming to an end.

U.S. futures were little changed and oil prices logged modest gains.