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### Asia Stocks Soar After US Gain, Fed Rate Cut Bet

(Bloomberg) — Shares in Asia surged following US stocks’ rise and the S&P 500’s near-record high as investors predict a potential Federal Reserve interest rate cut as early as March.

#### Market Reaction in Asia

The MSCI Asia Pacific Index soared by as much as 0.8%, reaching its highest level in over four months, with most markets showing positive movement. Notably, AustraliaÔÇÖs S&P/ASX 200 index rose to its highest intraday level since April 2022, coming within 1% of a record high. This surge was propelled by gains in miners due to rising iron ore prices, as markets resumed trading after a long weekend.

In Hong Kong, stocks also advanced after the holiday break, led by Chinese tech firms following BeijingÔÇÖs softened stance on the gaming industry. However, equities in Shanghai and Shenzhen experienced a decline despite the countryÔÇÖs industrial profit growth, supported by favorable base effects.

#### US Market Trends and Market Predictions

US futures fluctuated after the S&P 500 closed within 0.5% of its record high, amid a 4.5% increase in stocks this month and a 24% gain since the beginning of the year. This has prompted market analysts to project a rally into the end of the year, citing December’s strong performance and the trailing performance of fund managers.

#### Impact on Japan’s Markets and Indicators

JapanÔÇÖs Nikkei 225 index rose over 1% after the Bank of Japan board members discussed the potential timing of ending the negative rate policy. This discussion led to a weakened yen and a decrease in Japanese government bond yields.

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