Asian shares rally, dollar ravaged on bets Fed almost done hiking By Reuters

⚠️BREAKING: *ASIAN SHARES RALLY ACROSS THE REGION ON BETS FED ALMOST DONE HIKING; JAPAN'S NIKKEI JUMPS 1.5% 🇯🇵🇦🇺🇨🇳🇭🇰🇰🇷🇮🇩🇮🇳

Chinese tech giants listed in Hong Kong rallied 3.5% after Premier Li Qiang urged the companies to support a slowing economy, adding to signs that a years-long crackdown on the sector is over.

"With the usual caveat of one month not making a trend, the narrow path to a soft landing looks a smidgeon wider this morning," said Michael Feroli, chief U.S. economist at JPMorgan. Futures also moved to imply an earlier first rate cut, in March next year, and were pricing in a total of 125 basis points in cuts in 2024.10-year Treasury yield

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