Asian Stocks Rise as Global Equities Hit Records on Fed Rate Cut

• Asian stocks climbed after US and global equities hit new records, driven by the Federal Reserve's rate cut and optimistic US economic assessment.
• MSCI's index of Asian shares rose 0.9%, with Japan's Topix leading gains, partly due to SoftBank Group's 6%+ jump on acquisition study news.
• The S&P 500 and the MSCI All Country World Index both reached new closing highs, with the latter up nearly 21% in 2025.
• The Fed delivered its third consecutive rate cut, projecting 2.3% US economic growth and 2.4% inflation for next year.
• The tech sector remains under scrutiny due to concerns over AI spending and valuations, despite its contribution to the global equities rally.

Why It Matters: Fed rate cuts and economic optimism are driving global markets, affecting your financial outlook.