Asian stocks rally on rising Fed rate-cut hopes

Asia markets gain on renewed optimism over a U.S. Fed rate cut in December, boosting global equities and risk assets.

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5 days ago

Asian stocks rally on rising Fed rate-cut hopes

Asian stocks rally on rising Fed rate-cut hopes
Asian equities climbed as investors increased bets on a December rate cut by the U.S. Federal Reserve. The MSCI Asia Pacific index (ex-Japan) rose 0.4%, driven by gains in Japan’s Nikkei and South Korea’s Kospi, both up more than 1%. A softer dollar and renewed risk-on sentiment helped gold and bitcoin reverse recent losses.