Asian Markets Rally on US Rate Cut Hopes
Update: 2025-12-02
Description
Asian stock markets, excluding Japan, saw positive movements today, following a Wall Street rally. This was due to new US economic data suggesting potential interest rate cuts. Australias S and P A S X two hundred index stood out, rising by 0.7% after lower-than-expected inflation numbers. Mining stocks also gained significantly. Hong Kong, South Korea, and Chinas Shanghai Shenzhen C S I three hundred index also advanced. However, Japans Nikkei two two five traded lower due to anticipated changes in monetary policy and upcoming Federal Reserve statements.
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