Asian stocks experienced fluctuations on Tuesday, impacted by the anticipation of the Federal Reserve’s potential outsized rate cut scheduled for Wednesday. Extended holidays in China and South Korea resulted in thin trading conditions.

Asian stocks rose on Tuesday as the dollar and U.S. Treasury yields fell, driven by expectations of a significant rate cut by the U.S. Federal Reserve. Thin trading conditions were noted due to holidays in China and South Korea,

The Federal Reserve’s decision to cut its benchmark interest rate by 50 basis points is likely to be a positive for Asian stocks as it gives the region’s central banks more room to loosen policy, analysts say.