Reported 7 months ago
Asian shares mostly rose as investors awaited the Bank of Japan's decision on monetary policy, with expectations that the U.S. dollar's strength against the Japanese yen may continue following the Fed's 'hawkish hold'. The Federal Reserve kept its interest rate steady, causing Treasury yields to drop after U.S. inflation data showed a 3.3% increase in consumer prices. Wall Street closed at record highs, with smaller companies leading the rally on expectations of interest rate cuts, and stocks like Nvidia and Apple driving the market higher despite concerns about the economy slowing down.
Source: YAHOO