Asian markets decline amid Fed focus

Asian stocks declined sharply, amid ongoing concerns over AI companies' valuations, increased spending and market competition, the performance results of major corporations, as well as the U.S. Federal Reserve's outlook on monetary policy. The South Korean KOSPI index fell by 5%, with SK Hynix stock dropping 9% despite strong earnings results. Meanwhile, the Japanese Nikkei declined by 1%, heading toward an monthly loss of up to 8%. Investors are assessing AI investment prospects and are reducing risks ahead of earnings reports from major tech giants such as Microsoft and Meta, scheduled for today. In addition, geopolitical tensions in the Middle East continue to persist, pushing oil prices higher. The market is also awaiting the Federal Reserve's decision on interest rates, which is expected to maintain the current level, with a 33% chance of a rate hike. This situation reflects a period of volatility and tension in global financial markets.

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