A passerby walks past an electric monitor displaying various countries' stock price index outside a bank in Tokyo, Japan, March 22, 2023.
Market
C
CNBC TV1812-12-2025, 07:26

Asian Stocks Cautiously Higher; Oracle's Woes Rattle Tech

  • Asian stocks advanced cautiously, with the tech sector rattled by Oracle's 13% share price drop.
  • Oracle's decline was due to disappointing earnings and concerns over AI investment returns, sparking a tech selloff.
  • The Federal Reserve cut interest rates and offered a less hawkish outlook, pushing the US dollar index to a two-month low.
  • Tokyo's Nikkei 225 rose 1%, boosted by Softbank Group's 6% surge on potential acquisition news.
  • Markets are now pricing in at least two US interest rate cuts for next year following Fed Chair Powell's comments.

Why It Matters: Tech stock concerns and Fed rate cuts signal market volatility for investors.

More like this

Loading more articles...