Posted 2/21/2024, 9:09:00 AM
Asian Markets Rally After China Rate Cut; Investors Eye US Tech Earnings, Fed Minutes
- Hong Kong and Shanghai stocks jumped after China's central bank cut a key interest rate to boost the economy
- The rate cut is among measures to support China's slowing growth amid property woes and global slowdown
- Markets also awaiting US tech earnings, with Nvidia reporting Wednesday; Fed policy meeting minutes also due
- Recent losses have pushed Japan's Nikkei benchmark further from its record 1989 highs
- US stocks closed lower Tuesday ahead of Nvidia results seen as a barometer for AI sector and growth prospects