From Investing.com: 2024-11-07 21:44:31

Most Asian stocks rose on Friday, following Wall Street’s strength after the Federal Reserve’s interest rate cut. China’s markets also climbed on expectations of more fiscal stimulus. U.S. stock index futures remained flat in Asian trade, with optimism stemming from Donald Trump’s recent election win.

Chinese stock indexes saw gains despite concerns over a Trump presidency, with the CSI 300 and SSEC up nearly 7% each this week. The National People’s Congress is expected to announce plans for additional fiscal spending, estimated at 10 trillion yuan. Analysts predict more stimulus from China in response to Trump’s protectionist trade policies.

Asian markets were mostly higher, with Japan, Australia, and South Korea set for weekly gains. Indian stocks lagged due to foreign capital outflows and profit-taking. Trump’s election win and the Fed’s rate cut boosted regional markets, with optimism over the U.S. economy and reduced uncertainty driving positive sentiment.



Read more at Investing.com: Asia stocks upbeat after Fed rate cut; China stimulus awaited By Investing.com