Asian markets presented a mixed bag as tech sector losses, particularly in China, were offset by Japanese gains and cautious optimism regarding US interest rates and Chinese manufacturing data.
Weakening Chinese consumer spending, exemplified by PDD Holdings Inc.s bleak outlook and struggles faced by other major players, raises concerns about the countrys economic recovery despite long-term optimism.
Monday saw mixed US stock market performance, with the Dow hitting a record high while tech weakness dragged down broader indexes, as investors eyed Nvidias earnings and key economic data for clues on the Feds next move.
The Federal Reserves decision to lower interest rates marks a pivotal moment in the fight against inflation, potentially boosting the economy but also highlighting the economic challenges that contributed to political shifts.