Asian Stocks Fall as Investors Await Fed Signals on Rate Cuts

Asian stocks declined, ending a three-day rise, as investors await US economic data and Federal Reserve announcements for hints about future interest rate cuts. The decline in Asian markets mirrored a similar pause in US markets. The dollar stabilized after weakening earlier in the week, while the Japanese yen strengthened, causing concern about the impact on corporate earnings. Investors are anticipating speeches by Federal Reserve officials, including Chair Jerome Powell, for clues about the potential size and timing of interest rate reductions. Despite the recent market uncertainty, some analysts believe that upcoming economic data is unlikely to significantly impact Asian markets.