Most Asian Markets Rise As Traders Gear Up For Fed Rate Cut

Focus is on the Federal Reserve and its meeting next week, when it is expected to cut rates for the first time since the start of the pandemic (Credit: AFP)

Asian markets mostly rose Friday and the yen sat around nine-month highs after another healthy day on Wall Street as investors gear up for an expected US interest rate cut next week.

More data suggesting the Federal Reserve was winning the battle against inflation provided an extra kick for equities after another rollercoaster week that started with big losses fuelled by worries the world's top economy could be heading for recession.