Asian Markets Mixed: Fed Rate Cut Hopes, BOJ Hawkish Stance

Asian stock markets experienced a mixed day, with optimism from potential U.S. interest rate cuts offset by the Bank of Japans hawkish stance. The Nikkei two hundred twenty-five index dropped by 1.4% after reports suggested the Bank of Japan might move away from negative interest rates. The U.S. dollar also weakened, with markets pricing in a higher chance of a Fed rate cut by March 2024.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.