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International Business Times
International Business Times
Business
AFP News

Asian Markets Track Wall Street Record To Extend Global Rally

Trades will be closely watching Bank of Japan boss Kazuo Ueda's post-meeting remarks, hoping for an idea about its plans for monetary policy (Credit: AFP)

Asian markets built Friday on the latest global rally after a jumbo US interest rate cut, while the yen edged up as focus turns to the Bank of Japan policy decision later in the day.

Traders have been put in a bullish mood by the Federal Reserve's decision to go big on its first reduction since the start of the Covid pandemic -- opting for 50 basis points instead of 25 -- and pledging more would come.

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