Asian Stocks Rise Amid US Rate Cut Optimism; Australia's S&P/ASX 200 Exceeds 8,000; Nikkei 225 Climbs Above 38,000 Mark

Asian stock markets are mostly up on Wednesday, buoyed by positive cues from Wall Street and increased optimism regarding potential US Federal Reserve interest rate cuts, according to RTTNews.com. This follows a decline in US consumer confidence in March. The S&P/ASX 200 in Australia rose by 0.78% to 8,004.40, surpassing the 8,000 mark, driven by gains in mining and financial sectors. Japan's Nikkei 225 also saw gains, climbing 0.61% to 38,012.77, led by exporters and technology stocks. However, automakers experienced a downturn. Japan's producer prices rose 3.0% year-on-year in February. Elsewhere in Asia, Indonesia and New Zealand also saw gains, while Taiwan bucked the trend with a slight decline.