Asia Stocks Steady Ahead of Nvidia, Investors Wary Over Fed Independence

GLOBAL MARKET - SINGAPORE. Asian stocks were steady on Wednesday ahead of an earnings report from AI leader Nvidia that will shape near-term risk sentiment, while the U.S. dollar was frail as investors remained nervous about attacks on Federal Reserve autonomy.

The U.S. Treasury yield curve has been steepening since President Donald Trump on Monday ordered the firing of Federal Reserve Governor Lisa Cook, an unprecedented move that could lead to a legal tussle after a lawyer for Cook said she will file a lawsuit to prevent it.