Reported 20 days ago
Asian stock markets, particularly in Japan, experienced gains following the Federal Reserve's decision to cut interest rates by 0.5%, improving market sentiment. The yen weakened over 1% against the dollar, which helped boost Japanese equity indices like the Topix and Nikkei 225. Investors are hopeful the Fed's actions will support the US economy and avoid a recession, while other regional central banks may also find leeway to ease their policies. Overall, optimism spread through financial markets, leading to significant moves in both stocks and currencies.
Source: YAHOO