Investing.com -- Most Asian stocks rose sharply on Tuesday amid expectations that the Federal Reserve was close to concluding its rate hike cycle for the year, while the prospect of more stimulus measures from China also aided sentiment.
Comments from several Fed officials this week suggested that while the central bank will still hike rates further in the coming months, it will have limited headroom to keep doing so. Weak labor market data also furthered this notion. A swathe of weak economic readings from China spurred increased bets that Beijing will roll out more stimulus measures to help support a slowing economic recovery.
on Monday showed that consumer spending was on the brink of deflation, sending largely bearish signals on Asia’s largest economy.Technology-heavy indexes were the best performers in Asia for the day, with Hong Kong’s
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Source: FXStreetNews - 🏆 14. / 72 Read more »