Asian Markets Rise on Stimulus Measures

Asian shares saw a boost, particularly in China, where the central bank launched a 500 billion yuan facility to stimulate capital markets, leading to a 1.7% rise in the CSI300 index. In the U.S., major stock indices extended gains as investors digested the Federal Reserve's recent monetary policy meeting, where a 50 basis point rate cut was approved amid mixed views on the economic outlook. Meanwhile, Federal Reserve Chairman Jerome Powell remains optimistic about inflation nearing the 2% target, despite consumer expectations indicating a rise of about 3% in prices over the next year. In Japan, the Nikkei 225 is projected to end the year slightly higher, supported by expectations of solid earnings. In the Philippines, the stock market improved as investors reacted positively to a slowdown in inflation, which may lead to further monetary easing. However, the peso depreciated against the US dollar amidst these developments.