Asian stocks rise due to US rate cut expectations after Fed Chair Powell's comments; Japan's Nikkei nears March record high.

Asian stocks increase on expectations of US rate cuts, driven by Fed Chair Jerome Powell's comments. Yen remains near 38-year lows, prompting caution over potential Japanese intervention. MSCI's Asia-Pacific index rises 0.26%, while Japan's Nikkei gains 0.49%, close to the March record high.

July 03, 2024
6 Articles

Further Reading