Asian Markets Plunge, Tech Stocks Hit Hard

Asian markets, led by SoftBank, plummeted Friday, following a dismal week for U.S. tech stocks and growing skepticism over Fed interest rate cuts. Japans Nikkei and Topix indices, along with South Koreas Kospi and Kosdaq, all experienced significant losses. Core inflation in Japan rose, bolstering arguments for potential interest rate hikes, further impacting market sentiment. U.S. tech giants also saw their stocks drop, with major indexes closing lower, indicating a period of uncertainty for global investors.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.