From NASDAQ, Inc.:

1. Asian stocks reach five-month highs as the dollar eases and Treasury yields dip to seven-month lows due to bets for aggressive interest rate cuts by the Federal Reserve.

2. Gold rises to a three-week high as Chinese shares post strong gains, while Japanese shares slip into the red on yen strength.

3. Economic indicators reveal a 5.3% rise in retail sales and a 0.9% decline in industrial production while BOJ Governor Kazuo Ueda says he is in no rush to unwind central bank’s ultra-loose monetary policy.

4. Seoul stocks hit an almost five-month high on the back of strong foreign and institutional buying, with top gainers including battery shares, automakers, and banks.

5. Australian and New Zealand markets rally, hitting a near two-year high and 0.77% gain, respectively, while U.S. stocks eke out modest gains on the optimism of the Fed cutting interest rates soon.



Read more: Asian Shares Rally On Rate Cut Optimism