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.

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Asia markets rally, led by tech stocks, after South Korea rate hold and Fed optimism

Asia markets rally, led by tech stocks, after South Korea rate hold and Fed optimism
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.