Reported about 8 hours ago
Asian share markets rose to record highs following Wall Street's lead, buoyed by expectations of upcoming U.S. interest rate cuts that should ease global borrowing costs. Japan, South Korea, and Taiwan markets reached new peaks, driven by optimism for AI-related earnings growth. Analysts predict further rate cuts from the Federal Reserve, leading to a decline in Treasury yields, which also alleviated pressures in major bond markets. The currency markets showed the dollar weakening slightly, as European shares also gained traction after the ECB maintained its rates.
Source: YAHOO