Reported about 1 year ago
On July 4, 2024, Asian stock markets reached new highs as the US economic data weakened, heightening expectations of a Fed rate cut in September. The Taiwan Stock Exchange benefited from TSMC's performance, while both the Japanese and South Korean markets hit historical highs. However, Chinese stocks continued to struggle, with all three major indexes closing in the red. The global stock market rallied on the increased likelihood of a September rate cut, with the Japanese Nikkei 225 and South Korea's Kospi index both achieving significant gains.
Source: YAHOO