Asia stock mixed as US-China tensions weigh; Australia hits record high on rate cut hopes
Source: SeekingAlpha
2025-10-16 01:30:23 ET
Asia stocks trade mixed on Thursday, despite positive momentum carried over from a strong Wall Street close, which was supported by encouraging earnings reports from major U.S. banks. Australia was a significant outlier, with shares hitting record highs, fueled by weaker-than-expected jobs data, which increased market expectations for the Reserve Bank of Australia ( RBA ) to implement further policy easing (interest rate cuts)....
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Asia stock mixed as US-China tensions weigh; Australia hits record high on rate cut hopes
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