Shares in South Korea gained 1.1% after Treasury Secretary Scott Bessent said the US may reach an “agreement of understanding” on trade as soon as next week. Equities in Japan advanced 1% after the S&P 500 jumped Thursday to the highest since the day President Donald Trump announced his tariff offensive. Gold and a gauge of the dollar edged up.
Market expects one more rate cut as inflation stays benign
Indian economists and bond market experts expect another quarter percentage point cut in policy rates. This follows the Reserve Bank of India’s recent rate reduction