Asian stock markets mostly rose, led by Wall Street's record highs, while Chinese markets faltered.

Asian stock markets mostly rose on Monday, buoyed by positive signals from Wall Street, where the Dow and S&P 500 reached record highs. U.S. producer prices were unchanged in September, fueling hopes for continued interest rate cuts by the Federal Reserve. However, Chinese markets faltered amid vague fiscal stimulus plans. Australia's stock market also gained, led by mining and financial sectors, while the Australian dollar dipped slightly to $0.673.

October 14, 2024
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