Asian Markets Rise on Tech, Fed Rate Cut Hopes

Asian stock markets, led by technology shares, opened positively on Tuesday, driven by growing investor confidence in a potential U.S. Federal Reserve interest rate cut in December. The Asia-Pacific index, excluding Japan, rose nearly half a percent, with Japans Nikkei, Hong Kongs Hang Seng, South Koreas Kospi, and Australias S and P ASX two hundred index also gaining. Chinas CSI three hundred index remained unchanged. This optimism followed a strong U.S. market performance, where technology stocks led the way, and investors bet on a December rate cut due to a slowdown in U.S. manufacturing activity. The anticipation of lower interest rates is driving the current bullish trend in global markets. Market watchers will closely monitor U.S. economic data and Federal Reserve statements for further impact on stock market performance.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.