Asian stocks today: Markets open on the higher end; Fed cut hopes outweigh trade war fears
Asian stocks today: Markets open on the higher end; Fed cut hopes outweigh trade war fears
Asian stocks surged Wednesday, driven by Federal Reserve Chair Jerome Powell's hints of a potential interest rate cut this month. This optimism overshadowed renewed US-China trade tensions, with markets focusing on Powell's comments regarding the labor market and potential pauses in bond-holding reductions. Investors returned to a tech-fueled rally, despite mixed economic data and ongoing trade disputes.
Asian stocks surged Wednesday, driven by Federal Reserve Chair Jerome Powell's hints of a potential interest rate cut this month. This optimism overshadowed renewed US-China trade tensions, with markets focusing on Powell's comments regarding the labor market and potential pauses in bond-holding reductions. Investors returned to a tech-fueled rally, despite mixed economic data and ongoing trade disputes.
Asian stocks surged Wednesday, driven by Federal Reserve Chair Jerome Powell's hints of a potential interest rate cut this month. This optimism overshadowed renewed US-China trade tensions, with markets focusing on Powell's comments regarding the labor market and potential pauses in bond-holding reductions. Investors returned to a tech-fueled rally, despite mixed economic data and ongoing trade disputes. 
