Japan’s Nikkei 225 hits all-time high after US inflation remains steady | Financial Markets

Asian stock markets see big gains amid growing expectations of an interest rate cut by the US Federal Reserve.

Japanese stocks hit record highs for two consecutive days, with the Nikkei 225 surpassing 43,421 points, fueled by positive US inflation data and easing US-China trade tensions. Meanwhile, other Asian markets also rose notably, as expectations for a September interest rate cut by the Federal Reserve increased to 96.4 percent.