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.