Market

Fed Rate Cut Hints Fuel Asian Market Rebound After Wall Street Gains

Market Overview

Asia-Pacific stocks traded mixed on Thursday, rebounding from the previous day's declines following a mostly higher close on Wall Street.

US Market Influence

US markets gained as investors digested Federal Reserve officials' comments suggesting possible September interest rate cuts, along with reports showing declines in job openings and factory orders.

Regional Data

Australia posted a trade surplus of 7.31 billion Australian dollars for July.

Key Market Movements

China: Shanghai Composite fell 1.23%, Shenzhen Composite down 1.55%, Hong Kong's Hang Seng declined 0.59%.

Other Markets: South Korea's Kospi rose 0.51%, Japan's Nikkei 225 surged 1.23%, Australia's S&P/ASX 200 added 0.84%.

Currency: Dollar traded 0.03% lower against yen at ¥148.0700.