Asian Markets Rally on US Rate Cut Hopes

Asian stock markets, excluding Japan, saw positive movements today, following a Wall Street rally. This was due to new US economic data suggesting potential interest rate cuts. Australias S and P A S X two hundred index stood out, rising by 0.7% after lower-than-expected inflation numbers. Mining stocks also gained significantly. Hong Kong, South Korea, and Chinas Shanghai Shenzhen C S I three hundred index also advanced. However, Japans Nikkei two two five traded lower due to anticipated changes in monetary policy and upcoming Federal Reserve statements.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.