The Newshound

Asian stocks rise on an AI boost while the dollar holds steady ahead of the Federal Reserve's decision

Asian stock markets rose on Wednesday, lifted by AI-related shares in Tokyo and Seoul, as investors also awaited a policy decision from New Zealand's Reserve Bank.
Asian stock markets rose on Wednesday, lifted by AI-related shares in Tokyo and Seoul, as investors also awaited a policy decision from New Zealand's Reserve Bank.

AI-related stocks drove gains across Asian markets on Wednesday, lifting benchmarks in Tokyo and Seoul, as investors positioned themselves ahead of the US Federal Reserve's interest rate decision later in the day. Wall Street's overnight rally provided the tailwind, while the dollar held broadly steady.

Oil prices edged higher alongside the equity gains.

The New Zealand Reserve Bank's policy decision is also due, adding a second central bank signal to a busy session for currency traders.

MoreThe IndependentAsian stocks rise after a rally on Wall Street, while oil prices edge higherReutersStocks get AI lift, dollar holds steady ahead of Fed decisionAPGlobal shares are mixed after US stock rally, and oil prices gain more than 1%ReutersDollar holds gains ahead of Fed policy signal, RBNZ decision
Read today's full feed at The Newshound →