Asian markets rally again as rate cut hopes bring Christmas cheer
Asian markets rallied as optimism for US interest rate cuts and easing AI fears boosted investor sentiment. Precious metals hit record highs due to rate cut expectations. US data showing rising unemployment and slowing inflation provided the Federal Reserve room to lower borrowing costs. Tech stocks, led by Nvidia and Tesla, drove gains. Geopolitical factors, including US actions against Venezuela, influenced oil prices. Key indices in Tokyo, Hong Kong, and Shanghai rose, while oil prices dipped slightly.
Yahoo Finance·