Asian markets track Wall Street

By Agence France-Presse

Sep 21, 2024 12:22 am

HONG KONG — Asian markets built Friday on the latest global rally after a jumbo US interest rate cut this week, while the yen edged up after the Bank of Japan (BoJ) decided against another hike.

Traders have been put in a bullish mood by the Federal Reserve's (Fed) 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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