Asian equities advanced as market sentiment improved following a volatile trading session in the U.S. Key indexes across the region gained modestly, with Japan’s Nikkei 225 up 0.4% and South Korea’s Kospi rising 0.6%. Hong Kong’s Hang Seng Index led the region with a 1.2% climb, driven by tech stocks, while Chinese markets posted mixed results amid economic concerns.
The U.S. dollar rebounded slightly after an overnight decline spurred by soft economic data and dovish Federal Reserve commentary. While the greenback pared losses, traders remained cautious as investors weighed the possibility of slower rate hikes. Meanwhile, oil prices dipped marginally, reflecting ongoing demand uncertainties, and U.S. Treasury yields stabilized, suggesting limited market reaction to the latest developments.
