Asian markets rally on US rate cut hopes
Monday, 25 August 2025 ()
Hong Kong (AFP) Aug 25, 2025
Asian markets kicked off the week with a rally on Monday, tracking gains made by Wall Street on Friday after the US central bank chief suggested coming interest rate cuts. Investors weighing the prospects of a September reduction had been closely eyeing the speech by Federal Reserve Chair Jerome Powell at an annual symposium in Jackson Hole, Wyoming. "The balance of risks appears to
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