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Asian stocks fluctuate as US rate worries temper tech bounce
Asian stocks diverged Wednesday as renewed optimism over the AI trade was offset by forecast-topping US inflation data and the prospect of a bumper interest rate hike next month.Traders are also now fretting over the possibility of a bigger-than expected rate hike by the Federal Reserve when it next meets in December.
Asian stocks diverged Wednesday as renewed optimism over the AI trade was offset by forecast-topping US inflation data and the prospect of a bumper interest rate hike next month.Traders are also now fretting over the possibility of a bigger-than expected rate hike by the Federal Reserve when it next meets in December.
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