Asian stocks climb on Fed rate cut hopes; Wall Street's big rally loses steam amid signs of slowing US economic data

Jun 5, 2025 - 10:30
Asian stocks climb on Fed rate cut hopes; Wall Street's big rally loses steam amid signs of slowing US economic data

Join our WhatsApp Community to receive travel deals, free stays, and special offers!
- Join Now -

Join our WhatsApp Community to receive travel deals, free stays, and special offers!
- Join Now -

Asian stocks mostly climbed following weak US economic data, fueling hopes for potential Federal Reserve interest rate cuts. Investors are keenly awaiting US jobs data and any developments regarding trade talks between President Trump and China’s Xi Jinping. South Korean markets surged, while Indonesia implemented economic stimulus measures.

What's Your Reaction?

Like Like 0
Dislike Dislike 0
Love Love 0
Funny Funny 0
Angry Angry 0
Sad Sad 0
Wow Wow 0