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Asian stocks climb after Wall Street rallies on hopes for lower interest rates
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....sian stocks climb after Wall Street rallies on hopes for lower interest rates<BR>PTI News<BR>Dated:- 26-11-2025<BR>PTI<BR>Bangkok, Nov 26 (AP) Asian shares and US futures advanced on Wednesday after benchmarks on Wall Street surged on hopes the Federal Reserve will soon opt to cut interest rates. Tokyo's Nikkei 225 jumped 2 per cent to 49,650.77 in a broad rally that encompassed major exporters a....
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....nd technology shares. In South Korea, the Kospi also gained 2.1 per cent, to 3,940.15, helped by a 2.3 per cent gain for Samsung Electronics, the market's biggest heavyweight. Chinese markets saw more modest gains. Hong Kong's Hang Seng rose 0.5 per cent to 26,013.33 and the Shanghai Composite index edged 0.1 per cent higher, to 3,875.48. Shares in the Chinese e-commerce giant Alibaba fell 1.1....
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.... per cent. Its US-traded shares fell 2.3 per cent on Tuesday after its profit fell short of forecasts, though it reported stronger revenue than analysts had expected for the latest quarter. Australia's S&P/ASX 200 climbed 0.9 per cent to 8,615.30. In New Zealand, the S&P/NZX 50 added 0.7 per cent after the central bank cut its Official Cash Rate to 2.25 per cent from USD2.5 per cent. On Tuesday,....
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.... the S&P 500 rose 0.9 per cent to 6,765.88, while the Dow Jones Industrial Average rallied 1.4 per cent to 47,112.45. The Nasdaq composite gained 0.7 per cent to 23,025.59. Easier interest rates can give particularly big boosts to smaller companies, because many of them need to borrow to grow. The Russell 2000 index of the smallest US stocks jumped 2.1 per cent to lead the market. Mixed economic....
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.... data left traders betting on a nearly 83 per cent probability that the Fed will cut in December, according to data from CME Group. Shoppers bought less at US retailers in September than economists expected, while confidence among US consumers worsened by more in November than expected, signals the economy could use help from lower interest rates. Easier rates can boost the economy by encouragin....
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....g households and companies to borrow more and investors to pay higher prices for investments than they would otherwise. Another report said US inflation at the wholesale level was a touch worse in September than expected, but a closely tracked underlying trend was slightly better. Lower interest rates can worsen inflation, and higher prices are the main reason the Fed has been holding back on rat....
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....e cuts. Later Wednesday, the US was due to release more data that had been delayed by the six-week long government shutdown. The Fed has already cut rates twice this year in hopes of shoring up the slowing job market. Several retailers leaped after delivering stronger profits for the summer than analysts expected. Abercrombie & Fitch soared 37.5 per cent after the apparel seller reported a bet....
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....ter profit than expected, while Kohl's surged 42.5 per cent after reporting a profit for the latest quarter, when analysts were expecting a loss. Best Buy rose 5.3 per cent after boosting its profit forecast for the full year following a better-than-expected third quarter, citing strength across computing, gaming and mobile phones. In other dealings early Wednesday, US benchmark crude oil gained ....
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....24 cents to USD 58.19 per barrel. Brent crude, the international standard, picked up 26 cents to USD 62.06 per barrel. The US dollar slipped to 156.03 Japanese yen from 156.06 yen. The euro rose to USD 1.1587 from USD1.1569. (AP) RD RD<BR> News - Press release - PIB....