Asia tech rebounds as Fed hike expectations ease

Bloomberg · 5 hours ago
Asia tech rebounds as Fed hike expectations ease
  • Asian stocks rebounded from two days of losses on expectations the Federal Reserve needs to raise interest rates less aggressively next year.
  • MSCI Asia Pacific equities index advanced 0.2%, led by technology shares, recovering from a semiconductor selloff that pushed it to its lowest close since August on Tuesday.
  • SK Hynix and Samsung Electronics each gained more than 2% in Seoul trading.