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Asian stocks steady before Fed decision
Asian stocks stabilized today, Tuesday, after experiencing a wave of selling in the technology sector yesterday, supported by a rebound in artificial intelligence stocks. This came despite a slowdown in oil prices, which surpassed $107 per barrel, and an increase in bond yields. U.S. Treasury bonds declined, and expectations grew that the Federal Reserve will raise interest rates again, driven by inflation concerns and rising long-term bond yields. Tech stocks in Asia showed relative improvement, even as worries about regulating and developing AI models more cautiously persisted, amid forecasts of a potential interest rate hike at the Fed’s upcoming meeting.
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