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Asian stocks rise on AI deals and Fed rate cut hopes
Asian stocks strengthened on AI-related deals and Fed rate-cut hopes, boosting Japan and South Korea markets.
Asian equity markets gained strongly as investors embraced hopes of forthcoming interest-rate cuts by the Federal Reserve and surged enthusiasm for artificial-intelligence deals. Japan’s Nikkei 225 jumped more than 1,000 points and South Korea’s Kospi added around 1 % on the back of optimism in tech-heavy sectors. The rally reflects a broader risk-on attitude among global investors, though analysts caution that the strength may hinge on confirmation of monetary easing timelines and deal execution in AI infrastructure markets.