Smooth Sailing in Asia after Fed's Double Cut

» Published: September 19 2024

Smooth Sailing in Asia after Fed's Double Cut
Photo: Eugene Hoshiko

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The leading Asian stock exchanges began Thursday's trading with a radiant mood following Wednesday's announcement of a double interest rate cut by Fed Chairman Jerome Powell.

In Tokyo, the important Nikkei 225 index had risen by 2.5 percent by lunchtime, while the broader Topix index increased by 2.3.

Hong Kong's Hang Seng was also in tune, adding 1.2.

It was also cheerful in Shanghai and Shenzhen, whose composite indexes grew by 0.4 and 1.7, respectively.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers
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