黑天鹅突袭！刚刚，亚太主要股市全线杀跌！

Core Viewpoint - The Federal Reserve's recent interest rate cut and balance sheet expansion unexpectedly led to a market downturn, with major stock indices and cryptocurrencies experiencing significant declines [1][4]. Group 1: Market Reactions - Major stock markets in the Asia-Pacific region opened higher but subsequently fell sharply, with S&P 500 futures down by 1% and Nasdaq 100 futures down by 1.5% [1]. - Cryptocurrencies also faced a collective drop, with Bitcoin falling below the $90,000 mark [1]. Group 2: Oracle's Earnings Impact - Oracle Corporation's stock plummeted by 11.55% after disappointing earnings, raising concerns about an AI bubble [2][3]. - The company's cloud business revenue grew by 34% to $7.98 billion, while its infrastructure business revenue increased by 68% to $4.08 billion, both slightly below analyst expectations [3]. - Oracle's remaining performance obligations surged to $523 billion, exceeding analyst estimates of $519 billion, and the company reported a negative free cash flow of $10 billion for the second fiscal quarter [3]. Group 3: Federal Reserve's Policy Insights - The Federal Reserve's interest rate cut was perceived as hawkish, with the dot plot indicating only one rate cut by 2026 and hints at a pause in future cuts [4]. - The Fed's decision to expand its balance sheet by purchasing $40 billion in the first month was faster than expected, which could enhance market liquidity [4]. Group 4: Japan's Interest Rate Outlook - The Bank of Japan's potential for multiple rate hikes by 2027 has been highlighted, with expectations of up to four increases following the anticipated hike next week [5][6]. - The strong demand for Japan's 20-year government bonds, with a bid-to-cover ratio of 4.1, indicates robust investor interest despite previous market volatility [6].