Asian stocks retreat on Iran, Fed Reserve meeting looms
Asian markets have started unevenly as worries about the Iran conflict and health of the AI sector dominated ahead of the Federal Reserve’s decision and earnings from tech megacap stocks later in the session.
MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.2 per cent, retreating for a second day from record highs set on Monday, led by declines for Taiwanese chipmakers. Japanese markets were closed for a holiday.