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

Asian stock markets experienced a mixed day, with optimism from potential U.S. interest rate cuts offset by Bank of Japan policy shifts. Japanese stocks fell, while the Nikkei two hundred twenty-five index dropped by 1.4%. The dollar weakened, and markets anticipate Fed rate cuts by March 2024, as the central bank evaluates the economic impact of current high rates.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.