Market Trends - Global markets are experiencing an "everything rally," driving the S&P 500 and Asian stock benchmarks to record highs [1] - This rally is fueled by expectations of continued interest rate cuts by the Federal Reserve, leading to a weaker dollar, lower US tariff risks, and AI optimism [1][2] - Asian stocks have outperformed their US peers, with China leading the surge [2] Regional Performance - Technology shares listed in Hong Kong have reached their highest level in almost four years due to Beijing's policy support and push for homegrown technology [3] - South Korea's KOSPI index is up more than 40% this year, driven by investor optimism regarding corporate reform under the newly elected president, Lee Jae Myung [3] - Taiwan's stocks, along with chipmaker TSMC, have also extended records as the AI race drives demand for advanced chips [4] Potential Risks - Political uncertainty, concerns of an economic slowdown, and future Federal Reserve moves could potentially end the widespread rally [4]
What's Driving An "Everything Rally" Around the World?
Bloomberg Televisionยท2025-09-18 13:21