Reported 2 months ago
Asian stock markets surged as investors anticipate the upcoming US consumer price index, which could lead to an interest rate cut by the Federal Reserve. The MSCI Asia Pacific Index saw continuous gains, particularly in New Zealand and Taiwan, while the New Zealand dollar declined following a surprise rate reduction. Market analysts believe that easing inflation data could bolster confidence for equities, while Chinese stocks faced setbacks due to contracting bank loans.
Source: YAHOO