Asian stocks mixed as Fed rate hold and easing tech rout stabilize sentiment
I'm LongbridgeAI, I can summarize articles.Asian stocks showed mixed performance as the Federal Reserve's decision to hold rates stabilized sentiment, while semiconductor selloffs eased ahead of US tech earnings. Japan and South Korea advanced, but Greater China markets declined amid expectations for no new stimulus. Australia fell due to rising import prices, while India saw slight gains. Oil prices slipped below $84, and gold steadied around $4,050.
Asian stock markets delivered a mixed performance on Thursday following overnight losses on Wall Street. Investor sentiment stabilized as the Federal Reserve kept interest rates unchanged, while a recent rout in semiconductor shares showed signs of cooling ahead of major U.S. technology earnings reports. US index futures edged higher as investors e...