Emerging-market stocks staged a partial recovery, driven by Asian tech gains, but investor caution persists amid lingering economic and geopolitical concerns.
Asian stocks rallied on Tuesday, buoyed by soothing words from the Fed and upbeat U.S. economic news, though uncertainty lingers about the markets trajectory.
Japanese financial markets tumbled as a surging yen, driven by the Bank of Japans rate hike, exacerbated concerns about global economic growth and sent investors fleeing for safer havens.
Fears of a US economic slowdown, coupled with geopolitical tensions and negative economic indicators in key Asian markets, triggered a broad sell-off in Asian stocks, wiping out gains for the year and raising concerns about future market stability.