Asian shares charge higher after US stocks rally to records on hopes for interest rate cuts 34 mins ago Shares have advanced in Asia after the U.S. stock market rallied to records when data showed inflation across the United States improved slightly last month. Benchmarks in Tokyo, Hong Kong, Singapore and Malaysia gained more than 1%. The recent rally in share prices has been driven partly by relief over an extended truce in President Donald Trump's trade war with China, and partly by persisting hopes the Federal Reserve will cut interest rates. On Tuesday, the S&P 500 rose 1.1% and topped its all-time high. The Dow industrials jumped 1.1% and the Nasdaq composite surged 1.4% to set its own record. Lower rates can help boost the economy and investment prices.

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