Asian Markets Mixed: Japan's Nikkei Drops, Fed Rate Cut Hopes

Asian stock markets had a mixed day, with many indexes finding support in the anticipation of potential interest rate cuts by the US Federal Reserve. However, Japans Nikkei 225 index dropped by 1.4% due to expectations of a policy shift from the Bank of Japan. Broader Asian markets showed varied results, with Hong Kong and South Korea gaining, while China and Singapore remained flat. Overnight gains on Wall Street reinforced the idea of a March rate cut by the Federal Reserve, with the chances now nearly 50%.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.