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Asian Equities Rise as Powell Reaffirms Rate Cuts: Markets Wrap

(Bloomberg) Equities in Asia rose Thursday after Jerome Powell reaffirmed his view the Federal Reserve will likely cut rates this year. Most Read from BloombergKim Jong Un Faces Annihilation in Most Korea War ScenariosApple Explores Home Robotics as Potential ‘Next Big Thing’ After Car FizzlesTSMC Facilities to Resume Production Overnight After QuakeA Million Simulations, One Verdict for US Economy: Debt Danger AheadTrump Media’s Business Doesn’t MatterAustralian stocks advanced while Japanes

Asian equities rise as Jerome Powell reaffirms rate cuts

Australian stocks advanced while Japanese benchmarks gained over 1%. Markets in Hong Kong, mainland China and Taiwan will be closed Thursday for a holiday.

Asian Shares Rise as Powell Reaffirms Rate Cuts: Markets Wrap

Asian Shares Rise as Powell Reaffirms Rate Cuts: Markets Wrap
swissinfo.ch - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swissinfo.ch Daily Mail and Mail on Sunday newspapers.

BOJ will wait until October before hiking rates again, says ex-board member

Makoto Sakurai believes a steady policy normalization process may start next year, with potentially a 25-basis-point rate increase every six months.

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