Asian Markets React to US Selloff and Tech Slump: Yahoo Finance Market Wrap

Asian markets are expected to track the recent selloff in the US as technology stocks slumped, according to Yahoo Finance. Investors are bracing for a tumultuous trading day as concerns over rising inflation and potential interest rate hikes continue to weigh on global markets.

The tech-heavy Nasdaq Composite fell nearly 2% on Friday, marking its worst week since October. This decline was fueled by disappointing earnings reports from tech giants such as Amazon and Alphabet, as well as lingering worries about the Federal Reserve’s monetary policy stance.

In Asia, markets will be closely watching how this selloff in the US will impact their own stocks. With many Asian countries heavily reliant on tech companies for economic growth, any weakness in the sector could have widespread implications.

Investors will also be keeping an eye on the latest inflation data and any hints from central banks about their future monetary policy decisions. The recent surge in commodity prices and supply chain disruptions have raised concerns about inflationary pressures, prompting fears of interest rate hikes to curb rising prices.

Overall, Asian markets are likely to be in for a volatile trading session as they react to the fallout from the US selloff. Investors will be closely monitoring how tech stocks perform and any developments in the global macroeconomic landscape that could further impact market sentiment.