Asian Markets Stabilize After Tech Selloff, Australian Stocks Lead Gains

From Financial Modeling Prep: 2025-01-29 05:24:22

Asian stocks rebounded from a tech selloff due to China’s DeepSeek AI concerns. Japanese tech stocks stabilized, while Australia’s ASX 200 hit a two-month high. Markets in China, Hong Kong, Taiwan, Singapore, and South Korea were closed for Lunar New Year. U.S. tech stock rebound influenced Asian markets, but U.S. stock futures fell ahead of the Federal Reserve’s policy decision.

The Federal Reserve is expected to maintain rates but keep a hawkish stance. Major earnings reports from Microsoft, Tesla, ASML, and Alibaba are anticipated. Investors should monitor tech sector recovery trends and stay updated on interest rate expectations using relevant APIs. Uncertainty lingers over U.S. interest rates and AI market disruptions, making upcoming earnings reports crucial for tech stocks globally.



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