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Asian Markets Rally Fueled by Tech Rebound, Rate Cut Doubts Persist
Asian stocks bounce on Nvidia-led tech strength, but rate cut hopes fade with Fed’s cautious signals.
Asian markets powered higher amid a tech-led rebound triggered by Nvidia’s upbeat earnings. However, investors remain cautious, trimming expectations of a U.S. rate cut in December after recent hawkish signals from the Federal Reserve. The mixed backdrop — strong tech optimism but macro uncertainty — is shaping a nuanced risk-on tone, with markets balancing AI enthusiasm and interest-rate risk.