Asian Stocks Surge on Fed Rate Cut, BOJ Holds Steady

Asian stocks, led by Japan`s Nikkei, surged on Friday following record highs on Wall Street after the Federal Reserve`s significant interest rate cut. Despite the Bank of Japan`s decision to maintain its benchmark rate and China`s unchanged lending rates, regional markets rallied. The U.S. dollar weakened against the yen while the euro strengthened. Wall Street`s gains came after a delayed positive response to the Federal Reserve`s first interest rate cut in over four years, signaling a shift from inflation control to economic stability.