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Asian stock markets are trading mostly higher on Monday, following the mixed cues from Wall Street on Friday, after recent economic data has generated optimism about an interest rate cut in the coming months, but comments from US Fed officials have put a damper on some of the cheer.
Japan s Nikkei share average
rose more than 1% on Monday, hitting 39,000 points for the first
time in a month as a record closing high on Wall Street
continued to fuel positive investor sentiment. .
The Japanese stock market is trading sharply higher on Monday, recouping the losses in the previous session. The benchmark S&P/ASX 200 is moving above the 39,200 level, following the mixed cues from Wall Street on Friday, with gains across most sectors led by index heavyweights and financial stocks.
Japan s Nikkei share average
rose on Monday, hitting 39,000 points for the first time in a
month, as higher expectations for U.S. interest rate cuts
continue to keep market sentiment upbeat. .