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Fed Cut Lifts Asia to Records in Tokyo and Seoul, Auto Rout Drags Europe

Investors await central-bank remarks plus PCE inflation this week to test bets on further U.S. rate cuts.

Overview

  • Japan’s Nikkei rose 0.99% to 45,493.66 and South Korea’s Kospi gained 0.68% to 3,468.65, both closing at record highs, while Hong Kong’s Hang Seng fell 0.76%.
  • China’s central bank kept benchmark loan prime rates unchanged for a fourth straight month, underscoring policy divergence with the Fed’s recent cut.
  • European equities opened lower as autos slumped after Porsche cut its profit outlook, with Volkswagen, Stellantis and Renault also falling.
  • Samsung Electronics jumped 4.77% in Seoul on reports that Nvidia approved its fifth‑generation high‑bandwidth memory product, a claim not officially confirmed.
  • India’s Nifty 50 slipped 0.46% after the U.S. administration proposed a $100,000 fee for new H‑1B visas, adding pressure to the country’s tech exporters.