• Asian stocks broadly rallied on Thursday, after the U.S. Federal Reserve flagged the end of its tightening cycle and struck a dovish tone for the year ahead.
• U.S. Treasury yields slid to a fresh four-month trough, while the dollar continued to slide.
• MSCI’s broadest index of Asia-Pacific shares outside Japan shot up 1.8%, its biggest one-day percentage jump in a month.
• Mainland Chinese blue chips edged up by 0.2%, while Hong Kong’s benchmark advanced 1.2%. Australian shares were up 1.6%.
• However, Japan’s Nikkei slid 0.7%, weighed down by the yen’s sharp rally.

https://www.reuters.com/markets/global-markets-wrapup-1-2023-12-14/