Asian stocks rise on rate cut cheer; Japan trims gains after BOJ

Investing.com-- Most Asian stocks rose on Friday, tracking overnight gains on Wall Street as investors cheered a bumper interest rate cut from the Federal Reserve.

Chinese stocks lagged as the People’s Bank of China kept its benchmark lending rate unchanged despite increasing calls for more stimulus.Gains in technology stocks were a key driver of this trade, with buying spilling over into Asian markets. But U.S. stock index futures fell in Asian trade, amid signs that the rate cut rally was now cooling.in a unanimous decision, in line with market expectations.

Broader Asian markets cheered the lowering in U.S. interest rates, given that looser monetary conditions free up more liquidity for investing in risk-driven markets.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.

United States United States Latest News, United States United States Headlines

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

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 »