Asian tech stocks tumbled on Tuesday and a regional equity gauge suffered its biggest slide in nearly two months after a selloff on Wall Street, as traders braced for U.S. inflation data amid worries growing price pressures might bring forward rate rises. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.7% by mid-session, its largest drop since late March, and Japan’s Nikkei fell 2.8%. Selling was heaviest in Hong Kong, where the Hang Seng tech index fell 4% and dragged the broader market down 2%.
GLOBAL MARKETS-Tech selloff deepens on inflation fears, Fed outlook
2021-05-11T04:16:21-04:00May 11th, 2021|
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