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Asian Stocks to Fall as Fed Keeps Rates on Hold: Markets Wrap

Bloomberg Markets Wednesday 29 July 2026, 22:11 UTC By Toby Alder 1 min read
Key Points

Asian Stocks to Fall as Fed Keeps Rates on Hold: Markets Wrap Asian stocks were set to track Wall Street lower after renewed concerns over artificial intelligence spending and uncertainty over the Federal Reserve’s policy outlook sent longer-dated Treasury yields to their highest levels in almost two decades. Equity-index futures for Australia, Japan and South Korea all pointed lower after the S&P 500 fell 1.5%, dragged down by a fresh selloff in chipmakers. The Nasdaq 100 entered a...

Asian Stocks to Fall as Fed Keeps Rates on Hold: Markets Wrap Asian stocks were set to track Wall Street lower after renewed concerns over artificial intelligence spending and uncertainty over the Federal Reserve’s policy outlook sent longer-dated Treasury yields to their highest levels in almost two decades. Equity-index futures for Australia, Japan and South Korea all pointed lower after the S&P 500 fell 1.5%, dragged down by a fresh selloff in chipmakers. The Nasdaq 100 entered a technical correction, taking its decline from a record high to 11%. After the close, Meta Platforms Inc. issued a lackluster forecast, while Microsoft Corp. reported its fastest cloud-computing growth in four years which helped lift US stock futures in early Asian trading.
Asian (ORG) Fed (ORG) the Federal Reserve’s (ORG) Treasury (ORG) Australia (LOCATION) Japan (LOCATION) South Korea (LOCATION) Meta Platforms Inc. (ORG) Microsoft Corp. (ORG) US (LOCATION)
Originally published by Bloomberg Markets Read original →

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