Asian markets mostly up; Japan's Nikkei hits record high
Asian stock markets were mostly up this Friday, with Japan's Nikkei reaching a record high and Australia's ASX 200 also gaining ground.
The positive energy came from Wall Street's rally overnight.
However, South Korea's Kospi slipped a bit, and despite the upbeat mood across Asia, Indian indices are expected to open lower.
Fed cuts rates; BoJ likely to keep rates steady
Wall Street got a lift after the US Federal Reserve began cutting interest rates—S&P 500 and Nasdaq both saw solid gains.
In India, Sensex and Nifty50 ended higher in the last session but could face pressure today as investors watch for updates from the Bank of Japan.
A drop in Japan's inflation rate means their central bank is likely to keep rates steady—a move being closely watched by global markets for its ripple effects.