Most Asian stocks rose on Thursday, driven by optimism about potential U.S. interest rate cuts, even as the timing of the move remained uncertain, while regional currencies were little changed.
South Korean .KS11 and Indonesian .JKSEstocks advanced 1.3%and 0.8%, respectively. Singapore’s benchmark index .STI, among the worst performers in Asia so far this year, rose 0.5%.
Data on Wednesday showed lower growth in the U.S. services industry and bolstered optimism over the potential easing of monetary policy.Federal Reserve Chair Jerome Powell’s reaffirmation about lowering rates also aided sentiment.
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.
