Global Markets Rally as Fed Signals Rate Cuts and Chinese Stocks Surge

U.S. markets hit record highs amid Federal Reserve's rate cut hints, while Chinese stocks see significant gains driven by strong policy signals.

The S&P 500, Dow Jones, and Nasdaq Composite all closed September at record highs, marking consecutive monthly and quarterly gains.
Federal Reserve Chair Jerome Powell indicated gradual rate cuts are likely, aiming to sustain economic growth without rushing the process.
Chinese stock indexes surged over 8% on Monday, driven by strong policy signals and hopes for economic stimulus.
Japan's Nikkei 225 rebounded 1.5% on Tuesday after a sharp decline, bolstered by improved business confidence and a lower unemployment rate.
Small-cap stocks outperformed major indexes, with the Russell 2000 advancing 8.9% for the quarter, reflecting the impact of lower interest rates.