Asia Stocks Surge Amid Reduced Rate Hike Bets
Equity markets in emerging Asia advanced on Friday, driven by reduced bets on a September US rate hike following comments from a top Federal Reserve official.
The MSCI gauge of EM Asia stocks rose 1.4% and was headed for its best session in seven days, with tech-heavy South Korea and Taiwan up as much as 1.6%.
Singapore's market climbed to a record high, fueled by the region's optimism about interest rates.