Investing.com - Asian stock markets rallied Wednesday, but remained on track to witness one of the worst quarters since the financial crisis amid several regional shocks.
The rebound on the last day of the July-September quarter capped a period of sustained losses in Asian markets over the past three months, fueled by rising worries about the state of China's economic health, made worse by the surprise devaluation of the yuan, along with slowing growth in other countries in the region, and dropping commodity prices.
The fall was also driven by ongoing uncertainty over the U.S. Federal Reserve’s decision to raise interest rates, a prospect that has spooked Asian investors.