Oracle’s Surge and Fed Rate Cut Buzz Propel Global Stocks Higher

Markets roar back as tech giant Oracle leads the charge—fueled by nothing but pure, unadulterated optimism and the Federal Reserve’s ever-dovish whispers.

Oracle Soars, Markets Follow

Oracle’s rally isn’t just a blip—it’s a full-blown market mover. Investors pile in, betting big on tech’s resilience even as macroeconomic clouds loom. No surprise here; when one titan rises, the whole circus follows.

Fed Fantasies Fuel Frenzy

Hope springs eternal for rate cuts. Traders cling to every hint, every murmur from the Fed—ignoring the fact that central bankers love to talk more than they love to act. But hey, why let reality spoil a good rally?

Global Ripples, Local Gains

From Wall Street to Hong Kong, indices light up green. It’s a synchronized dance of speculation—because nothing unites the world like the prospect of cheap money and overvalued stocks.

So, stocks surge on Oracle’s coattails and Fed daydreams. Because in finance, sometimes the best strategy is just believing hard enough—until the next reality check, of course.

Asia rallies while China reports deflation and Alibaba lifts tech

In Asia, the day was just as active. China’s CSI 300 ended 0.21% higher at 4,445.36. Hong Kong’s Hang Seng Index ROSE 1.04%, while the tech-heavy Hang Seng Tech Index climbed 1.82%. But the economic data coming out of Beijing wasn’t as cheerful.

China’s consumer price index dropped 0.4% year over year in August. That missed expectations of a 0.2% decline, based on a Reuters poll.

The producer price index also fell, dropping 2.9% year over year. That matched forecasts, and was better than July’s 3.6% drop, but still points to weak demand.

Hong Kong-listed Alibaba Group rose 2.1% during the session after nearly touching a four-year high. That came after Chinese robotics company X Square Robot revealed it raised $100 million in a funding round led by Alibaba Cloud.

The deal caught attention fast and pushed investors back into Chinese tech.

Meanwhile, Japan’s Nikkei 225 closed at a record 43,837.67, up 0.87%. The Topix index also rose 0.6%, finishing at 3,140.97. South Korea’s Kospi extended its winning streak to seven straight sessions with a 1.67% gain to close at 3,314.53.

The Kosdaq, South Korea’s small-cap index, gained 0.53%. On the labor front, the country’s unemployment rate ticked up to 2.6% in August from 2.5% the month before.

Australia’s S&P/ASX 200 added 0.31% and finished the session at 8,830.4. In India, the Nifty 50 rose 0.56%, while the Sensex was up 0.54%.

Asian hardware firms tied to Apple moved up too, after the company launched new iPhones, AirPods, and Apple Watches Tuesday, as Cryptopolitan reported.

Foxconn, based in Taiwan, rose 1.2%, while Samsung Electronics climbed 1.4%. Apple’s own stock didn’t benefit though, it dropped 1.48%, as traders didn’t seem thrilled with the latest lineup.

Europe’s Stoxx 600 was up 0.5% shortly after the bell, with all major sectors in the green. France’s CAC 40 increased 0.93% to 7,821.76. Italy’s FTSE MIB added 0.41%, ending at 42,179.68.

The FTSE 100 in the UK inched up 0.27% to close at 9,267.25. Germany’s DAX closed up 0.66% at 23,876.11. And Spain’s IBEX 35 wrapped the session with a 0.99% gain, finishing at 15,172.80.

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