Asian stocks edge higher on rate cut bets; Japan slides on yen strength

Investing.com-- Most Asian stocks rose slightly on Tuesday in anticipation of an interest rate cut by the Federal Reserve, while Japanese markets were dented by a stronger yen before a Bank of Japan meeting.

The Fed is widely expected to kick off an easing cycle from Wednesday’s meeting, with lower rates presenting a more positive outlook for stock markets. Markets are pricing at least 100 bps of rate cuts this year. Losses in technology stocks also pressured Japanese markets, with major chipmakers falling in tandem with their Wall Street peers.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian stocks drift lower amid mixed Japan cues; Powell speech loomsAsian stocks drift lower amid mixed Japan cues; Powell speech looms
Source: Investingcom - 🏆 450. / 53 Read more »

Asian Stocks Rise as Tech Shares Track Nvidia Rally, Japan's BOJ Signals Less Hawkish StanceAsian markets mostly advanced on Thursday, fueled by a surge in technology stocks that mirrored an overnight rally in Nvidia. Meanwhile, Japanese equities experienced a notable boost following a softer-than-expected producer inflation reading, which countered recent hawkish signals from the Bank of Japan.
Source: Investingcom - 🏆 450. / 53 Read more »

Asian stocks drift higher amid rate cut speculation; Japan lagsAsian stocks drift higher amid rate cut speculation; Japan lags
Source: Investingcom - 🏆 450. / 53 Read more »

Stock market today: Asian shares rally, encouraged by Wall Street storming back from an early slideAsian shares are mostly higher, encouraged by gains on Wall Street led by a handful of influential Big Tech companies. Benchmarks rose in early Thursday trading in Tokyo, Sydney, Seoul, Hong Kong and Shanghai. Japanese exporter shares like Toyota and Nintendo jumped on the back of a relatively cheap yen. The U.S.
Source: AP - 🏆 728. / 51 Read more »