Tuesday 21st October 2025: Asian Markets Extend Gains on Fed Rate Cut Hopes and Strong Wall Street Rally

Global Markets:

•  Asian Stock Markets : Nikkei up 0.94%, Shanghai Composite up 1.20%, Hang Seng up 1.67% ASX up 0.76%
• Commodities : Gold at $4,362.11 (0.50%), Silver at $50.298 (-1.00%), Brent Oil at $60.73 (-0.5%), WTI Oil at $56.75 (-0.2%)
• Rates : US 10-year yield at 3.982, UK 10-year yield at 4.5160, Germany 10-year yield at 2.5839

News & Data:

• (EUR) Current Account  11.9B  to 22.5B expected

Markets Update:

Asian stock markets are trading mostly higher on Tuesday, following positive cues from Wall Street amid strong expectations of further U.S. Federal Reserve rate cuts, as the labor market shows signs of slowing. The CME FedWatch Tool indicates a 98.9% chance of a quarter-point cut this month and a 96.1% chance of another in December. Reports suggesting the Trump administration is easing some tariffs have also lifted investor sentiment.

In Australia, the S&P/ASX 200 Index is up 0.65% at 9,090.50, supported by mining and technology stocks. BHP and Rio Tinto are gaining nearly 2–3%, while Mineral Resources is up over 4%. Tech stocks like WiseTech Global and Block are advancing, though Zip is down over 3%. Gold miners such as Evolution Mining and Newmont are up sharply. In other news, Alcoa and Arafura Rare Earths surged after a U.S.–Australia deal on critical minerals. The Aussie dollar is trading at $0.652.

Japan’s Nikkei 225 hit a record high near 49,946, gaining 1.5% with strength in exporters and financials. SoftBank, Fast Retailing, and Renesas Electronics led gains.

Across Asia, Hong Kong, Singapore, and South Korea rose 1.3–1.8%. On Wall Street, the Nasdaq jumped 1.4%, the S&P 500 gained 1.1%, and the Dow climbed 515 points, while European indices also advanced

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