Asian stocks climb amid Fed decision pause
Global and Asian market analyses, in particular, reveal investors' anticipation of the U.S. Federal Reserve's decision regarding interest rate hikes, which is expected with a 92.4% probability. This will be the first increase since 2023, leading to declines in the bond market and a slight rise in stocks. Additionally, the gains in South Korean and Japanese shares helped the market recover from losses. Meanwhile, oil prices dropped by approximately 0.6% to around $108, amid ongoing concerns over supply due to regional tensions and geopolitical events. At the same time, Chinese economic growth data show a limited rise in industrial production, contrasted by declines in retail sales and investment, particularly in the real estate sector, reflecting weak domestic demand. In Japan, exports surged significantly by 19.3% in August, while imports increased by 28%, resulting in a trade deficit of 1.106 trillion yen.
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