Asian Equities Broadly Fall, Oil Volatile After Fed Decision — Update

ASX set to slump after wild Wall Street swings, Fed keeps rates on hold, oil surges on rising Middle East…

S&P 500 fell 1.5 per cent, Nasdaq 1.7 per cent as Fed held rates while oil jumped 7.3 per cent on Middle East tensions; bond yields hit 1-year highs. AI chip stocks weakened: SK Hynix's 257 per cent revenue growth missed expectations, highlighting market skepticism on whether AI will deliver sustainable profitability amid rising capex costs.