Asian Markets Slide As Tech Stocks Drop On Valuation Concerns
RTTNews·2025-10-08 16:38
Asian stocks ended mostly lower on Wednesday after Wall Street's main indexes pulled back from record highs overnight on the back of mixed messages from Federal Reserve officials on the pace on interest-rate cuts and concerns about a bubble forming around artificial intelligence.Federal Reserve Governor Stephen Miran said tariffs are not driving inflation and the Fed can keep easing policy. Separately, Fed Bank of Minneapolis President Neel Kashkari warned that drastic rate cuts would risk stoking prices.M ...