Stocks in Asia gained after Wall Street extended its rally on Tuesday, with traders shrugging off warnings from policymakers trying to rein in expectations for Federal Reserve rate cuts.
Shares rose at the open in South Korea and Japan, with Australia’s equity benchmark also trading higher. Futures for Hong Kong pointed to solid gains in early trading. The Nasdaq 100 and blue-chip Dow Jones Industrial Average set all-time highs Tuesday, while the S&P 500 added 0.6%, fast approaching a record.Atlanta Fed President Raphael Bostic said there was no urgency to lower rates but this did little to dent market expectations. Speculation of Fed easing is making investors the most optimistic since the beginning of 2022, a Bank of America Corp. survey showed Tuesday. Traders have also been liquidating bets on higher short-term US yields as investors reel back from the urge to fight the dovish pivot.
Fidelity Asian Values Plc (LON:FAS) provides shareholders with a differentiated equity exposure to Asian Markets. Asia is the world’s fastest-growing economic region and the trust looks to capitalise on this by finding good businesses, run by good people and buying them at a good price.
