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Stock Market Live Updates: Asian markets start strong on US stock rally, Fed rate cut expectations surge
Sensex, Nifty, Share Prices LIVE: Asian markets surged as US stocks resumed a rally, fueled by data suggesting heightened pressure on the Federal Reserve for more 2024 interest rate cuts. Market participants globally await the US core personal consumption expenditure index release, amplifying speculations about the Fed’s upcoming actions. Japan’s Nikkei 225 climbed 0.26%, leading the early trade gains at 33,226.88, accompanied by the broader TOPIX rising by 0.56% to 2,339.08. South Korea’s KOSPI traded 0.20% higher at 2,605.31, while Australia’s S&P/ASX 200 index saw a modest 0.06% rise, reaching 7,509. Optimism prevails amidst growing expectations of the Fed adjusting interest rates in response to economic data.