Asian stocks rise after Fed rate cut, Nikkei surges, yen weakens; positive.

From Investing.com: 2024-09-18 22:31:14

Most Asian stocks rose on Thursday buoyed by a large rate cut by the Federal Reserve, with Japanese markets surging as the yen weakened before a Bank of Japan meeting. U.S. stock index futures also rose in Asian trade. Japanese stocks outperformed regional peers with gains of 2-2.8%, driven by a weaker yen. However, Asian stocks showed a middling reaction to the Fed’s rate cut, with Australia’s market rising but South Korea’s falling. Fed Chair Powell stated that neutral rates would be higher than previously thought, raising questions about the extent of future rate cuts.



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