Asian stocks showed mixed performance in light trading Thursday, with several markets closed for the Lunar New Year. The U.S. dollar remained steady after the Federal Reserve kept interest rates unchanged, signaling no rush to cut them.
Fed Chair Jerome Powell reiterated that while the economy remains strong, it is not overheating. However, uncertainty looms over U.S. trade policies, with potential new tariffs on Canada, Mexico, and China set for Saturday.
On Wall Street, major tech earnings were mixed. Microsoft (NASDAQ: MSFT) exceeded revenue expectations, but Tesla (NASDAQ: TSLA) missed profit margin estimates. Meta (NASDAQ: META) provided a weaker-than-expected first-quarter revenue forecast, while Apple (NASDAQ: AAPL) reports earnings later Thursday. The results had little impact on concerns about Chinese AI startup DeepSeek challenging U.S. dominance in artificial intelligence, which had sparked a global tech selloff earlier in the week.
U.S. stock indexes closed slightly lower Wednesday, with tech dragging down the S&P 500 by 0.5%. However, futures pointed to a 0.4% rebound. Australia's benchmark index rose 0.5%, while Japan's Nikkei remained flat.
The U.S. dollar index held at 107.89, with the euro at $1.0420 ahead of the European Central Bank's expected rate cut. The yen strengthened 0.4% to 154.55 per dollar before a speech from Bank of Japan Deputy Governor Ryozo Himino.
Oil prices edged higher after U.S. crude closed at its lowest level this year. WTI crude rose 0.3% to $72.84 per barrel, while Brent crude added 0.2% to $76.73, with markets watching Trump’s potential tariffs on Canada and Mexico, key U.S. oil suppliers.


Asian Markets Slide as New U.S. Strikes on Iran Spark Investor Caution
Asian Currencies Steady as U.S.-Iran Ceasefire Extension Hopes Weigh on Dollar
Oil Prices Set for Sharp Weekly Losses as U.S.-Iran Ceasefire Hopes Ease Supply Concerns
Canada and Germany Advance Major LNG Supply Partnership
S&P 500 Hits Record High as Tech Rally Slows Amid Iran Peace Uncertainty
US Imposes Fresh Iran Oil Sanctions Despite Progress on Ceasefire Talks
Gold Prices Slip as Stronger Dollar and Iran Peace Talk Uncertainty Weigh on Market
U.S. Launches New Strikes on Iran as Trump Signals Peace Deal Uncertainty
US Launches New Trade Investigation Into Vietnam Over Intellectual Property Concerns
Nikkei Hits Record High as AI Chip Stocks Power Japan Market Rally
Iran-U.S. Nuclear Talks Remain Unresolved as Strait of Hormuz Risks Keep Markets on Edge
ECB’s Philip Lane Warns Middle East Conflict Could Keep Inflation Elevated
S&P 500, Nasdaq Hit Record Highs as Iran Ceasefire Talks and AI Rally Boost Markets
European EV Sales Surge in April 2026 as Tesla and Chinese Automakers Gain Ground
US Dollar Slips as Markets Weigh Potential US-Iran Peace Deal and Oil Price Outlook
Wall Street Reaches New Record Highs as AI Boom and Iran Ceasefire Hopes Boost Markets
Gold Prices Hold Near Record Levels as Inflation Concerns Offset Middle East Ceasefire Hopes 



