Asian markets fluctuate after Wall St record; eyes on China [Yahoo! Finance]
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Source: Yahoo! Finance
interest rate cut next week, while traders also remained hopeful for more measures to stimulate China's economy. Seoul's Kospi ticked higher for a third straight day, eating further into the losses sustained in a sell-off that came in the wake of South Korean President Yoon Suk Yeol's short-lived martial law declaration. Hopes that the Federal Reserve will lower borrowing costs for a third time in a row next week were bolstered Wednesday by figures showing the US consumer price index rising in line with expectations in November. While the gauge continues to sit above the central bank's two percent target, swaps markets indicate there is a 98 percent chance policymakers will make the reduction. On Wall Street, the Nasdaq ended above 20,000 points for the first time, while the S&P 500 was a whisker away from its own record. However, analysts warned the outlook for 2025 was less clear. "Evidence in recent months suggest the decline in inflation has lost momentum while economi
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