Asian stocks rise on hopes for more Chinese stimulus, with MSCI Asia Pacific Index increasing

From Yahoo Finance: 2024-09-22 22:19:06

Asian stocks and US equity futures rose on hopes that China will provide more stimulus. The MSCI Asia Pacific Index increased, with China, Hong Kong, and South Korea leading the way. China’s central bank cut a short-term policy rate, and more cuts may be expected in the future. The US dollar was stable, and Australian bonds fell. Oil prices rose due to tensions between Israel and Hezbollah. Gold prices remained steady. Meanwhile, the US Commerce Department may announce proposed rules to ban Chinese and Russian software for connected vehicles. The week will also see monetary policy decisions from Sweden and Switzerland.



Read more at Yahoo Finance: Asian Stocks Advance on China Stimulus Hopes: Markets Wrap