Stocks in Shanghai, Tokyo, Hong Kong, and Seoul Gain Amid Economic Stimulus Adjustments
Asian stock markets saw positive movements on Thursday after China implemented an interest rate cut to bolster its weakening economic growth. Key benchmarks in Shanghai, Tokyo, Hong Kong, and Seoul all posted gains in response to the stimulus measures.
Meanwhile, Japan reported a significant rise in exports, helping to fuel optimism in the region. However, in contrast, the US stock market saw a decline on Wednesday, with the S&P 500 falling by 1% as investors remained uncertain about the pace at which the Federal Reserve will scale back its economic stimulus to manage inflation.
