Stocks struggle to make headway as rate rises loom By Reuters

MSCI's broadest index of Asia-Pacific shares outside Japan touched its lowest since Jan. 6 in early trade. futures rose 0.9% after a revenue beat at chip designer Nvidia sent its shares up 9% after-hours. "Markets have been forced to reprice interest rate expectations, not just higher, but also questioning the view that once peak rates are hit, central banks will pivot quickly to cutting interest rates," said ANZ economist Finn Robinson. The Bank of Korea did, however, offer some dose of relief by ending a year-long run of uninterrupted rate hikes with a pause. "The market is stretched so they'll panic on shadows," said Mathan Somasundaram, founder at analytics firm Deep Data Analytics in Sydney.
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