Asian stocks, currencies rise on US rate cut wagers
==========
Asian stocks and currencies are rising on expectations that the US Federal Reserve will cut interest rates in September. Taiwan stocks surged to a record high, with TSMC hitting an all-time high. Inflation data from Taiwan, Thailand, and the Philippines have shown an easing trend, giving central banks room to cut rates. The market is eyeing a rate cut by the Bank of Korea as early as August. Regional currencies, including the Taiwan dollar, the South Korean won, and the Indonesian rupiah, gained against the US dollar. Markets are also awaiting China's inflation data and Malaysia's GDP estimates.
#AsianStocks #Currencies #UsRateCut #Taiwan #Tsmc #Inflation #CentralBanks #BankOfKorea #China #Malaysia
https://www.thestar.com.my/business/business-news/2024/07/08/asian-stocks-currencies-rise-on-us-rate-cut-wagers
The Star Online /
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2024-07-08 07:40:49
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2024-07-08 07:40:49Event JSON
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"content": "Asian stocks, currencies rise on US rate cut wagers\n==========\n\nAsian stocks and currencies are rising on expectations that the US Federal Reserve will cut interest rates in September. Taiwan stocks surged to a record high, with TSMC hitting an all-time high. Inflation data from Taiwan, Thailand, and the Philippines have shown an easing trend, giving central banks room to cut rates. The market is eyeing a rate cut by the Bank of Korea as early as August. Regional currencies, including the Taiwan dollar, the South Korean won, and the Indonesian rupiah, gained against the US dollar. Markets are also awaiting China's inflation data and Malaysia's GDP estimates.\n\n#AsianStocks #Currencies #UsRateCut #Taiwan #Tsmc #Inflation #CentralBanks #BankOfKorea #China #Malaysia\n\nhttps://www.thestar.com.my/business/business-news/2024/07/08/asian-stocks-currencies-rise-on-us-rate-cut-wagers",
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