Investing.com– Most Asian stocks rose in choppy trade on Thursday amid some cheer over an outsized interest rate cut by the Federal Reserve, while Japanese markets surged as the yen weakened before a Bank of Japan meeting.
Gains in regional markets were somewhat subdued following a weak overnight close on Wall Street, as optimism over a bumper 50 basis point rate cut by the Federal Reserve was offset by the central bank presenting a higher outlook for neutral rates. The outsized cut also raised some concerns over slowing economic growth.
U.S. stock index futures, however, rose sharply in Asian trade.
Japanese stocks rally as yen weakens post-Fed; BOJ awaited
Japan’s and indexes vastly outperformed their regional peers on Thursday, rising between 2% and 2.8%.
Gains in local markets came tracking a softer yen, which weakened sharply from near nine-month highs after the Fed meeting. The yen was pressured by a surge in the…
