Taiwan and South Korea shares reached record highs, driving broader emerging Asian equities to a four-year peak, as markets expect the U.S. Federal Reserve will resume its easing cycle this week and signal potential for further rate cuts.
The MSCI Asia EM equities index jumped 0.8% to its highest since July 2021, while a gauge tracking stocks in ASEAN countries, dominated by Singapore, Malaysia, and Indonesia, hovered around its early 2020 levels.
