Asian stocks declined following a halt in Wall Street’s rally near record highs. Shares fell in Japan, Australia, and South Korea, while Chinese stocks are expected to follow suit. The market’s recent gains were driven by hopes of Federal Reserve rate cuts. Investors are now looking for more signals from upcoming speeches and data.
US Fed expected to hold rates steady as Iran war roils outlook
Federal Reserve officials are likely to keep interest rates steady next week. The ongoing US-Israel war on Iran is creating market uncertainty and impacting oil