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The Independent UK
The Independent UK
National
Zimo Zhong

Stock market today: Asian stocks advance ahead of the Fed's rate decision as panic over AI fades

US Federal Reserve Asia DeepSeek United States Lunar New Year
Financial Markets - (Copyright 2025 The Associated Press. All rights reserved.)

Asian stocks advanced Wednesday in thin Lunar New Year trading following a rebound on Wall Street driven by tech stocks as the panic over Chinese AI company DeepSeek faded.

Most markets in Asia were closed for holidays. Investors were focusing on the Federal Reserve’s rate decision due later in the day. U.S. futures were flat and oil prices fell.

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