Asian stock markets rose after US Fed's interest rate cut and China's potential stimulus.
Asian stock markets rose following the U.S. Federal Reserve's first interest rate cut since 2020 and optimism for new stimulus measures in China. The rate reduction aims to boost economic growth, while China's potential stimulus is a response to rising youth unemployment, now at 18.8%. Most Asian markets saw gains, although some declined, as investors remain cautious ahead of upcoming economic data releases.
September 23, 2024
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