Asian Markets Mixed: Fed Rate Cuts, China Stimulus Boost Hope

Asian stock markets displayed mixed results on Wednesday, with many indexes finding support from the growing belief that the Federal Reserve might start cutting interest rates as early as March of next year. Chinas new stimulus measures also helped boost sentiment, but Japans Nikkei two hundred twenty-five index dropped by one point four percent due to potential policy shifts from the Bank of Japan. Hong Kongs Hang Seng index gained zero point four percent, while South Koreas KOSPI rose by zero point six percent. Singapores Straits Times index also saw a small increase of zero point three percent. Investors will closely watch the Federal Reserves meeting later today for hints about its plans for monetary policy in 2024.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.