Asia Markets React to Fed Rate Cut Bets, China’s AI Chip Ambitions, and Corporate Moves

Key TakeawaysHong Kong's Hang Seng Tech Index surged over 2%, driven by a nearly 10% jump in Baidu shares amid reports of its self-designed AI chip utilization and broader tech sector strength.The U.S. Dollar softened across the board as markets firmed bets on a Federal Reserve interest rate cut this week, following remarks from Chair Powell.China is actively trialing its first domestically built advanced tools for AI chipmaking, a strategic move to reduce reliance on foreign technology amidst U.S. export r ...