Asian stock markets see big gains amid growing expectations of an interest rate cut by the US Federal Reserve.

The Nikkei 225 Stock Average hit an all-time high on Tuesday as relief over US tariffs continued to fan optimism over the nation’s economic outlook, while tech shares led the rally.

Tokyo's benchmark stock index ended Wednesday at an all-time high for a second straight day. The Nikkei 225 also reached a new intra-day record high as it did the previous day, up more than 700 points at one point.