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Asia shares recover as Fed cut hopes reignite
Asia markets rebound as Fed easing expectations return.
Asian stocks gained modestly on Wednesday after dovish signals from Fed Chair Powell rekindled investor optimism. The MSCI Asia ex-Japan index rose, with Japanese and Korean markets among leaders. Markets are now pricing in about two 25 bps cuts by year-end as balance sheet runoff may end sooner than expected. Traders remain cautious given ongoing U.S.-China tensions and data gaps caused by government shutdowns.