SE Asia Stocks-Most rise as Powell reinforces rate cut hopes, Singapore leads
Most Southeast Asian stock markets rose
on Thursday, with Singapore leading gains, as investors cheered
U.S. Federal Reserve Chairman Jerome Powell’s comments
bolstering prospects of an interest rate cut.
Powell promised to closely monitor economic data to see its
implications on growth and inflation, adding that he “would act
as appropriate to sustain the expansion”.
The
on Thursday, with Singapore leading gains, as investors cheered
U.S. Federal Reserve Chairman Jerome Powell’s comments
bolstering prospects of an interest rate cut.
Powell promised to closely monitor economic data to see its
implications on growth and inflation, adding that he “would act
as appropriate to sustain the expansion”.
The
Posted by Reuters
