Asian Markets Rebound Following Wall Street's Recovery

Most major Asian stock markets saw gains, buoyed by positive corporate earnings and low interest rates in Japan, despite economic contractions in Japan and the UK.

Asian stock markets experienced a rebound, tracking gains on Wall Street, with most major markets reporting positive movements.
Japan's economy contracted for the second consecutive quarter, entering a technical recession, while the UK also fell into a recession in the final quarter of 2023.
Investor optimism was buoyed by expectations of continued low interest rates in Japan and positive corporate earnings reports in the US.
Technology and healthcare stocks, including Nvidia and DaVita, saw significant gains, contributing to the market's recovery.
The Federal Reserve's stance on interest rates remains cautious, with officials emphasizing the need for more data before considering rate cuts.