Asia shares rally on Fed rate cut bets, yen pares gains – MASHAHER

ISLAM GAMAL6 May 2024Last Update :
Asia shares rally on Fed rate cut bets, yen pares gains – MASHAHER


Asian stocks have risen on renewed bets the Federal Reserve would likely ease rates this year, while the yen weakened after a strong surge last week from Tokyo’s suspected currency intervention.

Trading was thinned in Asia on Monday with Japan out for a holiday, though markets in mainland China got off to an upbeat start after returning from an extended break.


Source Agencies

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