Asian markets open on a subdued note; oil extends losses
Markets in Asia are trading like they just woke up from a nap and realized they forgot to pay their electricity bill—subdued, anxious, and a little embarrassed. With the Fed playing hard to get on rate cuts and tech stocks looking like yesterday’s leftovers, investors are hunkering down, hoping for a miracle rally that never seems to come. Meanwhile, oil’s losing streak is longer than a Netflix binge, as weak demand and China’s energy transition keep the pressure on.
Asian markets opened lower on Friday, mirroring Wall Street’s lackluster performance and reflecting growing uncertainty over the Federal Reserve’s next move. Hawkish comments from Fed officials have dampened hopes for an imminent rate cut, sending major indices in Japan, South Korea, and Australia tumbling. Oil prices continued their slide, pressured by weak growth projections and ongoing shifts in China’s energy landscape. Investors remain cautious, with few safe havens amid the global selloff.
