Asian shares are mixed after days of gains driven by hopes for US rate cuts

Asian shares are mixed after days of gains driven by hopes for US rate cuts 18 mins ago Asian shares are mixed after days of gains driven by hopes for lower U.S. interest rates. In Tokyo, the Nikkei 225 fell 1.4% and the Japanese yen rose against the dollar after U.S. Treasury Secretary Scott Bessent said in an interview with Bloomberg that Japan was “behind the curve” in monetary tightening. He was referring to the slow pace if increases in Japan's near-zero interest rates. On Wednesday, U.S. stocks again ticked higher, with the S&P 500 adding 0.3% to a fresh record. The Dow Jones Industrial Average climbed 1%, while the Nasdaq composite added 0.1% to its own record set the day before.