Asian Stocks Mixed Amid China Slowdown, Fed Rate Cut Anticipation

Asian stock markets showed mixed results on Monday following a positive week for US stocks. While the US market approached record highs, Hong Kong`s Hang Seng index declined due to disappointing economic data from China, indicating a slowing economy. Investors are anticipating the Federal Reserve`s policy meeting, expecting an interest rate cut. Meanwhile, the Japanese yen strengthened against the US dollar. US stock futures and oil prices rose. Last week, the US stock market experienced significant gains, driven by strong performance in the technology sector and expectations of an interest rate cut by the Federal Reserve. The Federal Reserve`s decision on interest rates is crucial as it aims to balance economic growth with inflation control.