Asian stocks gain as Fed rate cut boosts sentiment: Markets wrap
- Posted on September 19, 2024
- By Business News Today
- 1 Views
Asian stocks gain as Fed rate cut boosts sentiment: Markets wrap
Asian stocks and US equity futures rose after the Federal Reserve cut interest rates by half a percentage point, signaling further easing. Japanese equities benefited from a weaker yen, while Australian shares also climbed. The Fed's move allows regional central banks to ease without exchange rate concerns.
