GLOBAL MARKETS-Asia shares, bonds rally as Powell fuels optimism of end to rate hikes

Asian shares and bonds extended a global rally on Thursday as a non-committal Federal Reserve chief had markets double down on bets that U.S. interest rates have peaked and cuts are on the way. The Bank of England will meet later in the day, and markets suspect that its tightening cycle is also done and dusted. MSCI's broadest index of Asia-Pacific shares outside Japan surged 1.6%，the biggest daily jump since late July.