Asian stocks follow Wall Street's rate-cut rally higher, as BOJ stands pat
The
In
Markets are closely watching for hints on the pace of future rate hikes from BOJ Gov.
“For the
The
The Hang Seng in
Elsewhere, Australia’s S&P/ASX 200 rose 0.2% to 8,209.70.
On Thursday, the S&P 500 jumped 1.7% to 5,713.64 for one of its best days of the year and topped its last all-time high set in July. The Dow Jones Industrial Average leaped 1.3% to 42,025.19, and the Nasdaq composite led the market with a 2.5% spurt to 18,013.98.
Wall Street’s gains followed rallies for markets across
That closed the door on a run where the Fed kept its main interest rate at a two-decade high in hopes of slowing the
Wall Street’s initial reaction to Wednesday’s cut was a yawn. Markets had already run up for months on expectations for lower rates. Stocks edged lower after swinging a few times.
“Yet we come in today and have a reversal of the reversal,” said
Some investment banks raised their forecasts for how much the
The
In the bond market, the yield on the 10-year
In other dealings,
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AP Business Writer
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