Reported about 15 hours ago
Asian stocks experienced an uptick on Tuesday due to expectations of a U.S. interest rate cut as early as next week, despite ongoing global political uncertainties. The MSCI Asia-Pacific index climbed by 0.7%, reflecting a positive trend from Wall Street. Investors are now betting on a 25-basis-point cut following a disappointing U.S. jobs report, with speculation rising for a potential larger cut as well. Meanwhile, Japan's Nikkei index surpassed 44,000 for the first time, bolstered by a weaker yen and political changes.
Source: YAHOO