Asian Markets Mixed Ahead of Fed Rate Cut Expectations

Asian stock markets displayed mixed results this week, with investors anticipating potential interest rate cuts from the US Federal Reserve and new stimulus measures from China. However, concerns about Chinas economic recovery and potential policy shifts from the Bank of Japan led to a decline in Japans Nikkei index. Other markets, including Hong Kong, China, South Korea, and Singapore, saw slight increases or remained unchanged. These movements followed overnight gains on Wall Street, driven by softer-than-expected inflation data, which reinforced expectations of a potential interest rate cut by the Federal Reserve.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.