Asian Markets Rise on Weaker Dollar, Fed Rate Cut Hopes
Update: 2025-11-24
Description
Asian stocks surged today, bolstered by a weaker US dollar and anticipation of potential Federal Reserve interest rate cuts. The US jobs data hinting at a cooling labor market caused the dollar to lose ground, benefiting most Asian currencies and regional markets. However, Chinas stock market dipped due to US tech export restrictions and economic concerns, with major chipmakers taking a hit. Despite optimism from rate cut prospects, investor confidence remains uncertain as Federal Reserve officials, including Chair Jerome Powell, are set to speak this week.
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