Asian shares climbed on Thursday, extending the global rally after a strong rebound on Wall Street that stirred hopes of easier monetary policy. With markets watching closely for signals from the Federal Reserve (Fed), investor sentiment brightened as data and official commentary raised expectations of an upcoming interest‑rate cut.
Markets across the region felt the boost. In Japan, the Nikkei 225 edged higher, while in South Korea the KOSPI benefitted from gains at major tech firms. Even in China and Hong Kong, indices ticked up underscoring broad‑based appetite for risk among investors.
This uptick comes amid growing confidence that the Fed might lower borrowing costs, after a series of weaker‑than‑expected U.S. economic data releases. That backdrop has pushed investors to favour equities and other risk assets over safe‑haven holdings.
Technology and export‑heavy stocks led the rally, as investors appeared reassured of global demand recovery and softer financing conditions. Those developments helped offset lingering concerns over stretched valuations and macroeconomic uncertainty.
Asian Markets Rise as Traders Prepare for Expected U.S. Rate Cut