Investors await the Federal Reserve’s policy update after global tech stocks fell, capping gains in regional equities above $2,300 gold.
Asian equities showed mixed performance Wednesday, pressured by a pullback in global technology shares and caution ahead of the Federal Reserve’s upcoming policy decision. Markets mirrored Wall Street’s uneven overnight session, where tech weakness offset broader gains.
Japan’s benchmark index advanced, supported by a shrinking trade deficit and stronger machinery orders, while the yen firmed slightly. Oil prices edged lower, with Brent and WTI both declining, though gold held steady above $2,300. Most Asian currencies saw muted moves against the U.S. dollar.
Traders remained on edge as the Fed’s decision looms, with little clarity on the timing or scale of potential rate cuts. The tech sector’s retreat added to the cautious tone, limiting upside across the region.