Asian markets opened mostly higher ahead of key economic data from China. The rally was driven by hopes for more rate cuts this week, with renewed optimism for US rate cuts contributing to the positive sentiment. Tokyo's Nikkei Average unofficially closed up 1.13% at 38,923.03, buoyed by relief from US inflation and gains on Wall Street.
Japan’s Nikkei Rallies on US Inflation Relief, Wall Street Gains https://t.co/XfwBwwxq6Q
⚠️ TOKYO'S NIKKEI AVERAGE .N225 UNOFFICIALLY CLOSES UP 1.13% AT 38,923.03
Asian markets rally on renewed US rate cut hopes https://t.co/40S0tYESU4
⚠️ ASIA SHARES RALLY ON HOPES FOR MORE RATE CUTS THIS WEEK Full Story → https://t.co/uYjhItZVfQ https://t.co/ZthOyBRLBZ
Asia markets poised to open mostly higher ahead of China data https://t.co/poDm4n1ykY