Fed Rate Cuts Hopes Boost Asian Markets, Japan's Nikkei Drops

Asian stock markets experienced a mixed day, with some indexes gaining on hopes of early U.S. interest rate cuts, while others fell due to Bank of Japan policy signals. The Nikkei two hundred twenty-five index dropped by 1.4% following reports of a potential shift away from negative interest rates. Investors await Federal Reserve guidance on rate cuts, with markets expecting a move by March 2024.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.