Asian stocks rise on AI optimism amid Fed focus

Asian equity markets climbed on Wednesday, buoyed by fresh optimism around artificial intelligence and as investors prepared for the Federal Reserve’s upcoming policy decision. Major U.S. tech moves — such as Nvidia announcing $500 billion in AI chip bookings and Microsoft’s agreement with OpenAI — lifted sentiment. Meanwhile, oil prices rebounded on supply-concerns linked to Russian sanctions and potential OPEC+ production changes. Financial markets remain focused on whether the Fed’s next move signals more rate cuts ahead.