Markets fluctuate as US rate worries temper tech bounce

AI Summary

Asian stocks moved unevenly as optimism about AI-related investments was offset by stronger-than-expected US inflation data. Investors are also weighing the prospect of a sizable US interest rate hike next month ahead of European market openings.

Ahead of European markets opening on Wednesday, Asian stocks diverged as renewed optimism over the AI trade was offset by forecast-topping US inflation data and the prospect of a bumper interest rate hike next month.