Fed Rate Cut Boosts Asian Markets, SoftBank Drops
Update: 2025-12-11
Description
Asian stock markets displayed mixed results today, following the U.S. stock markets near-record high after the Federal Reserve cut its main interest rate. The Feds move, though expected, hinted at potential rate cuts in the coming year. U.S. futures dipped slightly, while oil prices remained stable. In Tokyo, the Nikkei index fell due to SoftBank Groups decline, amid expectations of a Bank of Japan interest rate hike. Hong Kongs Hang Seng index edged up after the Hong Kong Monetary Authority cut borrowing costs. However, the Shanghai Composite index decreased due to weaker consumer demand in China. Australias S&P/ASX index added two-tenths of a percent, boosted by strong performances in gold and mining stocks. Wall Street generally favors lower interest rates, as they can stimulate the economy and potentially drive up investment prices.
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