Stock investors are cautious ahead of the Fed's decision.

Asian stock markets fell across the board on December 10, following a lackluster trading session on Wall Street, as investors cautiously awaited the highly anticipated policy announcement from the US Federal Reserve later in the day.

A screen displaying stock indexes in Tokyo, Japan. Photo: Kyodo/VNA

In Tokyo, Japan, the Nikkei 225 index fell 0.1% to 50,602.80 points. In China, Hong Kong's Hang Seng index remained unchanged at 25,433.83 points, while the Shanghai Composite index fell 0.2% to 3,900.50 points.

Stock markets in Sydney, Singapore, Seoul, Mumbai, Wellington, Jakarta, and Manila were all in the red. Meanwhile, the Taipei market saw a slight increase.

Earnings reports from tech giants Oracle and Broadcom this week are also in the spotlight, amid persistent concerns about an artificial intelligence (AI) bubble, which caused some instability on the exchanges last month.

The Fed is expected to conduct its third consecutive interest rate cut later on December 10th. Therefore, the market's main focus is now on the post-meeting statement, Chairman Jerome Powell's press conference, and the policy forecast through 2026.

Data released on December 9th showed a surprising increase in new jobs, contrary to forecasts of a decline, further dampening expectations of a series of cuts in 2026. The market is now betting on two more cuts in the next 12 months, compared to the previously predicted three.

Chris Weston of Pepperstone noted that these figures have prompted a reassessment of future Fed interest rate forecasts.

Over the past few weeks, the market has seen a strong rebound following the sell-off led by technology stocks in November 2025, as weak employment figures reinforced expectations that the Fed would continue to cut interest rates. However, this rally stalled ahead of the Fed meeting, amid speculation that the agency would announce a “hawkish” rate cut—meaning it would lower interest rates but also reduce the likelihood of a fourth consecutive rate cut.

In addition, investors are also awaiting earnings reports from software giant Oracle and chipmaker Broadcom. These results will be used to assess the prospects of the technology industry after massive investments in artificial intelligence.

In Vietnam, the VN-Index fell 28.19 points (1.61%) to 1,718.98 points, while the HNX-Index fell 0.66 points (0.26%) to 256.48 points.

Source: https://baotintuc.vn/thi-truong-tien-te/nha-dau-tu-chung-khoan-than-trong-truoc-them-quyet-dinh-cua-fed-20251210162227915.htm