Asian Stocks Climb Amid BOJ Rate Hike and Tech Sector Divide

Asian stocks rose as the Bank of Japan raised interest rates, while tech stocks showed mixed results. Oil prices climbed due to Middle East tensions, and the yen experienced volatility. The market is also focused on upcoming U.S. Federal Reserve decisions, which could signal future rate cuts.

Asian stocks climbed on Wednesday following the Bank of Japan's decision to raise interest rates, creating volatility in the yen. Investors are analyzing mixed earnings reports from tech companies like Microsoft and AMD, suggesting a divergence in the AI sector.

The BOJ outlined plans for quantitative tightening and increased its overnight call rate target, affecting Japanese government bonds. Nikkei witnessed choppy trading, and the yen swung between gains and losses, stabilizing near a 12-week high.

Escalating Middle East tensions led to higher oil prices, while U.S. Fed decisions on interest rates dominate market focus. Analysts anticipate cautious moves from the Fed amid a tight labor market, while Australian stocks surged following a favorable inflation report.

(With inputs from agencies.)