Asia-Pacific markets track Wall Street gains on potential Fed rate cut

Asia and the Pacific Ocean rose on Monday, and followed the gains of Wall Street yet Federal Reserve President Jerome Powell indicated that the central bank can start Reducing monetary policy Next month, in his wide annual speech in Jackson Hall, Wyoming.

Japan Nikki 225 The standard increased by 1.08 %, while the broader Topix index added 0.53 %.

In South Korea, KosPI The index increased by 0.75 %, while the small Kosdaq offers 1.71 %.

Australia S & P/ASX 200 The standard is 0.87 %.

Hong Kong future Hang Singh Fahras It reached 25,722, referring to a stronger opening compared to the end of the last HSI of 25,339.14.

Elsewhere in the Asia Pacific region, market monitors are waiting for the consumer price index in Singapore for the month of July. The Reuters economists expect a 0.6 % annual increase, in line with the previous month.

United States futures contract Little changed in the early Asian hours, where investors awaiting artificial intelligence, darling Nafidiaearnings.

Last FridayBlue slide Dao 846.24 points, or 1.89 %, rose to a standard level of 45,631.74.

At the same time, the broad market S & P 500 1.52 % increased to 6466.91, while the height of its session was only three points shy of its record. Heavy technology Nasdak You gained 1.88 %, ending the session in 21,496.53.

– Tanaya Macheel from CNBC contributed to this report.