Asian stocks waver after rout, Fed holds rates

Asian stocks waver after rout, Fed holds rates

Asian stocks struggled for direction on Thursday after a week of turbulence driven by AI jitters, as a divided Federal Reserve kept rates unchanged and offered no clear guidance. Brent crude slipped below $90 after a sharp jump amid Middle East tensions. Samsung Electronics reported a 19-fold profit jump, while Meta and Microsoft earnings highlighted contrasting fortunes in AI spending.

Source: Reuters

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