BHP News: Asian stocks drift higher as rate cut bets grow; China lags - 16th Jul 2024, 9:03am

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Investing.com-- Most Asian stocks rose on Tuesday, tracking gains on Wall Street amid increasing expectations for a September interest rate cut, while Chinese markets lagged on concerns over a cooling economy and headwinds from U.S. politics.

Regional markets took positive cues from a strong finish on Wall Street, after dovish-leaning comments from Federal Reserve Chair Jerome Powell showed the central bank had more confidence that inflation was easing.

Increased speculation over a Donald Trum...

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