Stock Market Live Updates: Asian equities rise on Federal Reserve rate cut expectations

Sensex, Nifty, Share Prices LIVE: Equities in Asia climbed on Thursday following Jerome Powell’s reiteration that the Federal Reserve is likely to reduce rates this year. In early trading, Japan’s benchmark Nikkei 225 index rose by 1.78%, or 701.83 points, to 40,153.68, while the broader Topix index increased by 1.39%, or 37.53 points, to 2,744.17. South Korea’s KOSPI was up by 1.22%, or 33.14 points, at 2,740.11. Australian stocks also saw gains, with the S&P/ASX 200 rising by 0.46%, or 26.60 points, to 7,819.60. Previously, the Dow Jones Industrial Average had dropped by 43.1 points, or 0.11%, to 39,127.14, the S&P 500 had gained 5.68 points, or 0.11%, to 5,211.49, and the Nasdaq Composite had added 37.01 points, or 0.23%, to 16,277.46.

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