Asian Stocks Mixed as Fed Signals Rate Cut, Geopolitical Tensions Rise

Asian stock markets showed mixed results on Monday following a surge in U.S. stocks fueled by expectations of upcoming interest rate cuts by the Federal Reserve. The Fed Chair, Jerome Powell, confirmed plans to adjust interest rates downwards, aiming to support the economy. While this boosted U.S. markets, the impact on Asian markets was uneven, with some indices rising and others experiencing declines. The fluctuating value of the yen against the dollar, influenced by both the Fed`s announcement and the Bank of Japan`s stance on potential future rate hikes, further contributed to the mixed market performance in Asia.