The Federal Reserve’s decision to cut its benchmark interest rate by 50 basis points is expected to positively impact Asian stocks. Analysts believe this move will provide more room for regional central banks to loosen policies, easing monetary pressure and boosting risk assets and high-yield currencies in the region.
Asian shares slip as Middle East unrest deepens
Oil prices are rising. Asian stocks are mostly down following Wall Street’s losses. Middle East tensions are escalating. There is concern about potential US involvement.