Global Markets Surge as Fed Rate Cut Sparks Record Highs

Asia-Pacific markets rose following a 25 basis point interest rate cut by the U.S. Federal Reserve, which also boosted U.S. stock indexes. Investors are focusing on China's National People's Congress for potential fiscal stimulus announcements. Japan's household spending declined less than expected, while Hong Kong's central bank mirrored the Fed's rate cut. Analysts discuss the impact of Donald Trump's election victory on Asia and predict Bitcoin's rise to $100,000. Fed Chair Jerome Powell stated the election results won't affect Fed policy in the near term.