By Admin 
Asian Stock Market: Just before the announcement of possible cut in interest rates by the US Federal Reserve, tremendous enthusiasm is being seen in the global markets. Its positive impact is clearly visible on Indian and Asian markets also.
Japan’s Nikkei index rose by 878 points to reach the level of 51,097 by 10 am Indian time. Later this lead increased to more than 1,000 points. At the same time, an increase of 0.37 percent was recorded in Shanghai Composite Index and 0.9 percent increase in Shenzhen Component Index.
Asian market boom
South Korea’s Kospi index also increased by 1.2 percent (about 48 points) to reach the level of 4,058. However, the Hong Kong market remained closed today due to holiday.
This rise in Asian markets was seen after strong closing on Wall Street on Tuesday, where a rise was seen in the shares of major tech companies. Especially the 5 percent rise in shares of AI company NVIDIA boosted the morale of investors.
Analysts say that this enthusiasm is related to investors’ expectations regarding the upcoming decision of the Federal Reserve. Apart from this, progress in trade talks between America and China has also strengthened the market sentiment.
Trump gave positive indications
According to sources, US President Donald Trump and Chinese President Xi Jinping are going to meet in South Korea this week. This has raised hopes of a trade agreement between the two countries, which may put an end to the fear of a trade war.
President Trump reached South Korea on Wednesday after visiting Malaysia and Japan. Speaking to reporters on Air Force One, he said, “It is possible to resolve many disputes during the meeting with President Xi Jinping.”
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