Hong Kong Stocks Cap Best Week in 6 Months on US Rate Cut Bets

Fed rate cut frenzy drives Asian stocks to record levels

EQUITIES in Asian emerging markets hovered near their lifetime highs and currencies advanced against the dollar on Friday, as bets on aggressive U.S. rate cuts drew investors into higher-yielding assets.

Hong Kong stocks cap best week in 6 months on US rate cut bets

With US inflation data for August coming in line with expectations, a quarter-point rate cut by the Fed is almost certain.

Asia: Stocks surge into weekend with US rate cut ‘seemingly locked in’

ASIAN markets surged again on Friday, tracking record highs across Wall Street, after US inflation and jobs data all but set in stone a Federal Reserve interest rate cut next week.