Posted 3/21/2024, 4:07:00 AM
Asian Markets Mostly Higher after Wall Street Hits New Highs on Fed Rate Cut Hints
- Asian stocks rise after Wall Street hit new records following Fed signaling possible rate cuts
- Japan's Nikkei up 1.6% as exports grew nearly 8% in February, cutting trade deficit in half
- Hong Kong benchmark jumps 1.8%; Shanghai slips 0.2% after fresh economy boosting measures
- S&P 500 gained 9.5% so far this year; Dow and Nasdaq also at new highs
- Fed survey shows median expectation still 3 rate cuts in 2024 to relieve inflation