Mirroring the broadly positive cues from global markets overnight, Asian stock markets are trading mostly higher on Thursday, as optimism over the outlook for interest rates into the New Year generated renewed buying interest. However, traders seemed cautious in buying stocks following the recent strength in the markets and also appeared hesitant to cash in on the recent gains. Asian Markets closed mostly higher on Wednesday.
There is expectation the US Fed will cut interest rates in March 2024. Several other central banks are also widely expected to ease their policy tightening to spur growth.
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