Japan's Stock Market Reaches New High Following Fed's Anticipated Rate Cut Amid Varied Trading in Asia
Japan's Nikkei 225 Performance: The Nikkei 225 index rose nearly 0.6% to a record high, driven by significant gains in the real estate and technology sectors, particularly from companies like Resonac Holdings and Screen Holdings.
Federal Reserve Rate Cuts: The Federal Reserve lowered its benchmark rate, framing it as a "risk management cut," with indications of potential further cuts by the end of the year, while other Asia-Pacific markets showed mixed reactions.
Bank of Japan Policy Meeting: The Bank of Japan is expected to maintain steady policy rates during its two-day meeting, with economists anticipating a possible rate hike later this year.
U.S. Stock Market Reactions: U.S. stock futures rose slightly following the Fed's rate cut, with the Dow Jones closing up, while the S&P 500 and Nasdaq experienced minor declines amid mixed trading results.
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