Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
Asian stock markets traded mixed on Tuesday, with most major indices rising on expectations that the U.S. Federal Reserve will cut interest rates next week. Japan’s Nikkei 225 briefly surged 1.2% to a record 44,185.7 points before easing to 43,732.6, still up 0.2% by 02:50 GMT. The broader TOPIX also edged higher, extending a four-day winning streak.
Investor sentiment in Japan strengthened after Prime Minister Shigeru Ishiba resigned following heavy election losses, fueling speculation that his successor may adopt more expansionary fiscal and monetary policies. Markets also expect the Bank of Japan to delay further tightening. Positive momentum was supported by revised GDP data showing 2.2% annualized growth in Q2, up from the earlier 1.0% estimate, driven by private consumption and inventory gains. On a quarterly basis, GDP expanded 0.5%, above the 0.3% forecast. Additionally, optimism grew after a U.S.-Japan trade deal promised reduced tariffs on auto exports by mid-September.
Elsewhere, Hong Kong’s Hang Seng index rose 1.5%, while the Hang Seng TECH sub-index gained 1.7%, tracking Wall Street’s Nasdaq record close. South Korea’s KOSPI advanced nearly 1%, with chipmakers Samsung Electronics up 1% and SK Hynix jumping 2.8%. China’s Shanghai Composite was flat, and the CSI 300 dipped 0.1%.
Australia’s S&P/ASX 200 slipped 0.6%, pressured by financials after ANZ Group announced 3,500 job cuts and a A$560 million restructuring charge. Singapore’s Straits Times Index fell 0.3%, while India’s Nifty 50 futures traded largely unchanged.
Overall, expectations of U.S. rate cuts, upbeat Japanese economic data, and political shifts drove market sentiment, though regional performances varied.
