Array
Hong Kong, China — Most Asian equities rose with the yen on Monday after US Federal Reserve boss Jerome Powell said “the time has come” to start cutting interest rates, lining up the central bank for a move as soon as next month.
The comments provided investors with an extra boost and helped put the market turmoil earlier in August behind them, though analysts warned to be on guard for any unexpected data that could burst the optimistic bubble.
Traders were also keeping an eye on developments in the Middle East after a flare-up in hostilities between Israel and Hezbollah that fanned fears of an escalation in the region.
