Although the Federal Reserve is still signaling rate cuts, US stocks fell across the board yesterday, with the Nasdaq ending an eight-day winning streak. Asian stocks followed suit, ending a three-day rally.
On Wednesday, Japanese, South Korean, and Australian stocks fell, with modest declines.
Crude oil continued to decline, while gold retreated after hitting a historic high yesterday, and is now trading with volatility to the upside.
The Japanese yen and the South Korean won weakened, with the USD/JPY rising by 0.15% and the USD/KRW rising by 0.43%. The Thai baht and the Malaysian ringgit strengthened, while the Chinese yuan remained stable.
Currently, the market is awaiting the revision of US employment data on Wednesday, the minutes of the Federal Open Market Committee meeting, and Powell's speech at the Jackson Hole.
<h2>Asian markets generally down, with declines of less than 1%</h2>
The Nikkei 225 Index rose by over 0.85% to 37739.17, while the TOPIX Index rose by 0.73% to 2650.96.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/c50d66f6-c590-41bc-8ccb-11d6ad3eeb8a.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/c50d66f6-c590-41bc-8ccb-11d6ad3eeb8a.png"/>
The KOSPI in Seoul, South Korea, fell by 0.16% to 2692.39.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/6f3d8971-8074-4438-bdc2-a6fa5fca2127.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/6f3d8971-8074-4438-bdc2-a6fa5fca2127.png"/>
The Taiwan Weighted Index fell by 0.57% to 22302.07; the Australian S&amp;P/ASX 200 Index fell by 0.50% to 7957.60.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/39312212-929a-48d7-8e08-4d48dcb7cae7.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/39312212-929a-48d7-8e08-4d48dcb7cae7.png"/>
<h2>Thai Baht, Malaysian Ringgit Strengthen; Japanese Yen, South Korean Won Weaken Slightly</h2>
The Japanese yen and the South Korean won weakened, with the USD/JPY rising by 0.15% and the USD/KRW rising by 0.43%. The USD/CNY remained stable. The Thai baht and the Malaysian ringgit strengthened.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/712999c2-c43f-4312-bf6e-5301de67042a.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/712999c2-c43f-4312-bf6e-5301de67042a.png"/>
<h2>Crude Oil Continues to Decline, Gold Volatile to the Upside Today</h2>
Crude oil maintained its downward trend from yesterday, with WTI crude falling by 0.18% and Brent crude falling by 0.13%.
With international tensions still high, gold retreated from yesterday's highs and is now trading with volatility to the upside.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/26aca74b-e0eb-422f-9bb5-d8e95df1f44f.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/26aca74b-e0eb-422f-9bb5-d8e95df1f44f.png"/>

.IXIC

.DJI

.SPX

US stocks fell across the board yesterday, with the Nasdaq halting an eight-day winning streak. Asian stock markets followed the decline in US stocks, ending a three-day consecutive rise

- US stocks fell yesterday despite signals of rate cuts from the Federal Reserve, with the Nasdaq halting an eight-day rally. Asian markets followed suit, ending a three-day uptrend.
- Japanese, South Korean, and Australian stocks saw minor declines on Wednesday. Crude oil continued its downward trend, while gold retreated from historic highs but showed volatility today.
- Market focus shifts to revised US job data, Federal Open Market Committee meeting minutes, and Powell's speech at Jackson Hole. Asian markets generally dipped by less than 1%, with the Nikkei 225 up over 0.85% and the TOPIX up by 0.73%.

Asian stock markets pause their rise, while gold fluctuates upward