Global markets digest Asian sell-off ahead of Fed rate decision

Global equity markets showed mixed results on Wednesday as investors weighed strong corporate earnings against sharp declines in Asian technology shares and impending central bank decisions. European trading saw modest gains, supported by positive earnings reports including a notable rally in audiobook streaming service Storytel. Conversely, Asian markets suffered steep losses driven by renewed anxieties over artificial intelligence valuations, which prompted a temporary trading halt on Seoul's stock exchange. Meanwhile, global oil prices experienced downward pressure, and market participants turned their attention to the U.S. Federal Reserve's upcoming interest rate announcement and quarterly earnings from major global corporations.

Sources: Dagens Industri