Asian stock markets kicked off the week on a high note, with shares surging across the region on Tuesday. This upward trend was largely driven by robust performance in technology companies and growing investor confidence in potential US interest rate cuts. The Asia-Pacific index, excluding Japan, climbed by 0.4%, while Japans Nikkei index surged by 0.8% and Australian shares rose by 0.3%. This positive momentum followed a similar trend in the US, where Wall Street closed higher due to significant gains in the tech sector. The Nasdaq Composite added 1.0%, and the S&P 500 rose by 0.8%. The increasing expectation of a US interest rate cut in December, now at 60%, is fueling global market optimism, particularly in Asian economies that rely heavily on US exports. The US dollar traded slightly lower against other major currencies, making exports from other countries more competitive. Oil prices also edged higher, adding to the overall positive market sentiment.

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