Asia stocks find some footing, Nikkei still choppy

Pedestrians walk past an electronic board showing the graphs of the recent fluctuations of Japan's Nikkei average outside a brokerage in TokyoSYDNEY - Asian share markets were mostly firmer on Wednesday after Wall Street bounced and concerns about a U.S. recession were reassessed, though Japanese stocks took a dip as heightened volatility squeezed leveraged positions.

The GPIF is a massive fund with considerable market power and its investment decisions are highly influential. After bouncing overnight, Nasdaq futures eased 0.1% in part due to a 12% dive in AI darling Super Micro Computer after it missed earnings estimates. Two-year yields had climbed back to 3.997%, from a deep trough of 3.654%, as markets scaled back wagers on an intra-meeting emergency rate cut from the Federal Reserve.Futures now imply 105 basis points of easing this year, compared with 125 basis points at one stage during Monday's turmoil, while a 50-basis-point cut in September seen as a 73% chance.

In commodity markets, gold prices were holding at $$2,386 an ounce and short of last week's $2,477 top.

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Stock market today: Asian shares are mixed as Japan's Nikkei 225 hits a new high, with eyes on FedShares were mixed in Asia, while Tokyo’s Nikkei 225 index closed at another record high Wednesday as investors awaited further comments by Federal Reserve...
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Stock market turmoil: Japan's Nikkei 225 soars 10%Japan’s benchmark Nikkei 225 index soared more than 10% on Tuesday, rebounding after a rollercoaster start to the week that sent markets tumbling in Europe and on Wall Street.
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