Stocks in Asia advanced to follow Wall Street’s tech-led rebound from a selloff that shook global markets, as focus turns to the Federal Reserve’s rate decision and US mega-cap earnings.
Japanese, Australian and Indian shares rose. Most other major markets in the region are closed for Lunar New Year holidays.
Futures in Europe climbed, while US contracts were steady after the S&P 500 rose 0.9% and Nasdaq 100 advanced 1.6% on Tuesday, as Nvidia Corp. rallied 8.9% following the largest one-day value loss in history.
Shares rebounded after a rough start to the week, sparked by concerns over a cheap artificial intelligence-model from Chinese startup DeepSeek.
However, investors like Steve Cohen see the development as a boon for the industry. Focus shifts to the Fed decision and Big Tech earnings, starting Wednesday.
“The dust has settled on DeepSeek, and investors seem much more circumspect,” said Kyle Rodda, a senior market analyst at Capital.Com Inc.
“We look to earnings and the Fed now — the former being more important because the latter will probably be a nothing-burger!”
