via reuters:
“A slump in U.S. bond yields, after another Federal Reserve official signaled that the central bank’s interest rate-hiking cycle is over, will put Asian markets on a positive footing on Wednesday, despite renewed stress in China’s property sector.
Investors in the region also have key Japanese business activity indicators and South Korean current account figures on their plate on Wednesday, and there will no doubt be headlines coming from the IMF and World Bank annual meetings in Morocco.
“But Atlanta Fed President Raphael Bostic’s remarks, that he believes the Fed has finished raising rates, will help Asian markets pick up on Wednesday from where global markets left off on Tuesday.”
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