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Asia markets rally, led by tech stocks, after South Korea rate hold and Fed optimism
Asian equities rose broadly as tech stocks surged post-South Korea’s rate decision and growing expectations of a U.S. Fed rate cut boosted investor sentiment.
Asian stock markets climbed Thursday as tech shares led broad gains South Korea’s Kospi rose 1.3%, while Japan’s Nikkei advanced about 1.3% and TOPIX gained modestly. The rally followed the Bank of Korea decision to keep rates unchanged and renewed expectations of a U.S. rate cut. Soft global yields and a weaker dollar underpinned the upside.