Asian stocks struggle to track Wall Street record rally
๐ง Listen to this article
A dedicated English MP3 is generated for this article.
0:000:00
Tap listen to prepare the audio.
Asian markets traded mixed on Tuesday as investors failed to match Wall Street's record-setting session, where U.S. technology shares staged a recovery from a sharp two-week selloff. Japanese equities moved without clear direction, while the yen held near a 40-year low against the dollar.
Traders cited uncertainty over global monetary policy and concerns about the U.S. interest-rate outlook as the main drivers of cautious sentiment. The dollar's strength kept demand for the yen as a safe-haven currency subdued across the region.
Market participants were watching for signals from the U.S. Federal Reserve on its next policy steps. Regional exchanges ended the session struggling to establish a firm direction, with currency markets showing limited support for the yen.
