Market View: Nikkei at an intraday high – What’s driving this boost?… (Money FM)

Market View: Nikkei at an intraday high – What’s driving this boost? And how are markets reacting to the Fed’s first rate cut?

Singapore’s Straits Times Index (STI) opened lower in early trade, as investors reacted to caution stemming from the US Federal Reserve’s first interest rate cut since December 2024.

Among key stocks, DBS, OCBC and UOB fell between 0.6-1%. This comes as current rate pressures and sector rotation weighed on the counters.

Meanwhile, Asia-Pacific markets traded mixed, with Japan’s benchmark Nikkei index rose around 1% to a fresh record in early trade.

On Market View, Willie Keng speaks to David Chow, Director of Azure Capital, to find out more about the latest market developments.