Asian Markets Surge, U.S. Tech Stocks Soar

Asian stock markets surged today, mirroring Wall Streets fourth consecutive day of gains, as investors anticipate a Federal Reserve interest rate cut in December. Japans Nikkei 225 rose by one percent, while technology stocks, including SoftBank Group, performed well. However, Chinese markets were somewhat restrained by slower profit growth. U.S. stocks also closed higher, driven by Federal Reserve comments and tech companies strong performance, such as Dell Technologies and Microsoft. The markets recent rebound, fueled by rate cut expectations, has largely erased earlier losses.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.