Asian stock markets rise as the Federal Reserve maintains expectations of three interest rate cuts this year
Data shows that on Wednesday's Asian market opening, the Nikkei 225 index rose more than 1.5% and hit a record high, South Korea's KOSPI index increased by 1.5%, Australia's SP/ASX200 index surged over 2%, and MSCI Asia Pacific Index went up more than 1%. Overnight, the Federal Reserve maintained its expectation of three rate cuts this year.
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Goldman Sachs Volatility Panic Index surged to 9.57, approaching its maximum value, with the largest single-day increase ranking third in history, and the combined two-day volatility setting a new record. Historical data shows that after this index has exceeded the 9.5 threshold 15 times, the S&P 500 has seen an average three-month gain of 4.6% with a success rate of 80%. However, Goldman Sachs traders warn that forced liquidations have not yet fully cleared, and the market is still searching for a bottom, but opportunities on the other side are becoming increasingly difficult to ignore.
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