US Fed’s rate cut brings ‘relief’ to Asian markets, but long-term uncertainty under Trump remains
November 8, 2024 / /
Observers expect volatility in the markets until there is greater clarity on Trump’s policies
THE latest rate cut by the US Federal Reserve is expected to bring “some relief” to Asian and Singapore equity markets, with upsides for the property and consumer sectors.
However, the longer-term outlook for markets in view of a Donald Trump presidency remains uncertain, said analysts on Friday (Nov 8).
As at 12 pm, the benchmark Straits Times Index was up 1.6 per cent. Other indices in the region were also up. Australia’s ASX 200 rose 0.9 per cent, while Japan’s Nikkei gained 0.3 per cent. FTSE Bursa Malaysia KLCI was up 0.1 per cent.
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