Japan's Nikkei and broader Topix both nudged up to record levels, as did Taiwan's benchmark
SINGAPORE – Asian share markets scaled new highs on Friday as investors sized up US rate cuts for September and the mood was upbeat, while the euro hit a three-week peak ahead of French elections.
MSCI's broadest index of Asia-Pacific shares outside Japan touched a two-year high with Samsung’s estimate of a more than 15-fold rise in second-quarter profit helping South Korea's KOSPI to a two-year peak as well. He noted artificial intelligence demand had driven chipmaker rallies in Taiwan and South Korea, that interest-rate settings were fuelling record profits for Singapore's big banks and that a weak yen had been a tailwind for Japanese equities.
A run of subdued data, with the US ISM measure of services activity sliding to its lowest since mid-2020 earlier in the week, had markets lifting the probability of a rate cut in September to 73% and pricing 47 basis points of cuts this year.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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