Hang Seng leads gain as markets rebound as treasury yields ease, Trump’s tax bill advances

Equities rebounded on Friday following a previous sell-off, spurred by a slight pullback in US Treasury yields and optimism surrounding the House passage of President Trump’s tax-cutting budget. Despite earlier anxieties over Moody’s credit rating downgrade and tariff measures, market sentiment stabilized after the bill’s approval. Federal Reserve Governor Waller’s remarks about potential interest rate cuts further buoyed investor confidence.