Asian stocks: Markets trade in green on US interest rate cut hopes; Nikkei adds over 700 points, Kospi gains 2.7%
Japan’s Nikkei jumped 721 points or 1.6% reaching 45,675. Kospi also traded 2.7% higher, gaining 93 points to 3,549.Shanghai and Shenzhen also added 0.5% and 0.3% respectively.HSI, on the other hand, was down 0.87% or 237 points to reach 27,049 at 10:00 AM IST.This year’s global market rally has been driven largely by companies investing billions in artificial intelligence, as traders rush to get a piece of the action.The surge has pushed valuations of some of the world’s biggest firms to eye-watering level ...