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.


South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals
Australia’s December Trade Surplus Expands but Falls Short of Expectations
Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 



