Asian tech stocks soar as Fed rate cut buzz rises

Business Oct 02, 2025

Asian tech stocks jumped on Thursday, thanks to rising expectations that the US Federal Reserve might cut interest rates soon.
This buzz started after a surprise drop in US jobs last month and a government shutdown that delayed key economic updates, making investors think easier money could be on the way.

Gold prices hit all-time high

The hope for lower rates pushed Wall Street to fresh highs, with chip stocks leading the charge—
Japan's Nikkei edged up, Taiwan's tech index climbed, and South Korea's KOSPI spiked after Samsung and Hynix inked partnerships to supply OpenAI data centers.
Meanwhile, gold prices hit a fresh all-time high as investors looked for safe bets amid all the uncertainty.