Asian Stocks and NZ Dollar Up on Hints of US Rate Cuts While Bonds, Gold Rally
• Asian stocks briefly hit 1-week highs on hints of US rate cuts, bonds rally • New Zealand dollar jumps as central bank says further hike may be needed • US dollar falls to multi-month lows against major currencies like euro, yen • Gold prices hit 7-month high above $2,051 an ounce • China stocks stay downbeat on doubts about domestic economy