Asian stock markets collectively rose, with the Japanese stock market up more than 2%
Asian stock markets followed the rise of US stocks, benefiting from the US core inflation data released last week, which added to expectations of interest rate cuts. The Nikkei 225 index rose by about 2.5% during the trading session, while the South Korean, Australian, and Taiwanese stock markets all recorded gains. TSMC rose by over 2%
Thanks to the core inflation data released in the United States last week, market expectations for a rate cut by the Federal Reserve have increased. Asian stock markets are following the rise of the US stock market.
On Monday, the MSCI Asia-Pacific Index rose by more than 1%, with stock markets in Australia, Japan, Hong Kong, and South Korea all seeing gains.
The Nikkei 225 Index rose by about 2.5% during the trading session, while the South Korean, Australian, and Taiwanese stock markets all recorded gains, with TSMC rising by over 2%