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GLOBAL MARKETS-Asia Stocks Rally on Fed Cut Bets; Aussie Jumps on Jobs Data

December 12, 2024, 10.33 AM | Source: Reuters
GLOBAL MARKETS-Asia Stocks Rally on Fed Cut Bets; Aussie Jumps on Jobs Data

ILUSTRASI. A man walks past an electronic screen displaying the current Japanese Yen exchange rate against the U.S. dollar, Euro and other foreign currencies in Tokyo, Japan July 12, 2024, REUTERS/Issei Kato

GLOBAL MARKET - TOKYO. Asian stocks gained on Thursday, tracking Wall Street's tech-led rally overnight after an as-expected reading of U.S. consumer inflation cemented bets for a Federal Reserve interest-rate cut next week.

Japan's Nikkei topped 40,000 for the first time since mid-October, led by advances in chip-sector shares. The exporter-heavy index also got a boost from a weakening yen, as traders pared bets for a Bank of Japan rate hike next week.

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