Market Overview - The Hang Seng Index in Hong Kong increased by 125 points or 0.49%, reaching 25,944, while Japan's Nikkei fell over 200 points to 50,550 [2][4] - Shanghai and Shenzhen indices rose by 0.4% and 0.19%, respectively, and Korea's Kospi gained 1.6%, reaching 4,197 [2][4] - Investor sentiment is buoyed by expectations of further US interest rate cuts and confidence in the ongoing technology stock rally [2][4] Federal Reserve Insights - The Federal Reserve recently reduced borrowing costs, but indicated a cautious approach, suggesting rates may remain unchanged in the next meeting due to mixed opinions among policymakers [2][4] Commodities Market - Gold prices hovered near $4,500 after peaking just under $4,550, while silver prices slipped to $77.50 after briefly reaching a record $80 [3][4] - The rise in precious metals is attributed to strong buying interest driven by expectations of lower interest rates and their safe-haven status amid geopolitical tensions [3][4] - Oil prices recovered after a decline of over 2% on Friday, influenced by discussions between US President Trump and Ukraine's President Zelensky regarding potential peace proposals [3][4]
Asian stocks today: Markets majorly gain on hopes of US Fed cuts; Kospi adds 1.5%, Nikkei trims 200 points
The Times Of India·2025-12-29 03:12