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Latin Times
Latin Times
Business
Agence France-Presse (AFP)

Asian Stocks Boosted By US Rate Cut, China Stimulus Hope

United States China IG US Federal Reserve Economy Hezbollah
Traders are growing increasingly worried about China's economy following another weak reading on retail sales as officials struggle to boost consumer activity (Credit: AFP)

Most Asian markets rose Monday, building on last week's rally following the Federal Reserve's bumper interest rate cut, while sentiment was also boosted by hopes for fresh measures to kickstart China's economy.

Traders greeted the first reduction in borrowing costs since 2020 by pushing the Dow and S&P 500 to record highs as they contemplated a soft landing for the world's top economy.

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