Asian markets follow Wall Street losses due to tech rally concerns, leading to overall negative sentiment.

From Google: 2024-10-15 23:04:00

Asian markets are following the trend set by Wall Street, with concerns over the tech rally leading to losses. The Dow Jones Industrial Average fell by 295.06 points to 34,757.16, and the Nasdaq dropped by 1.5%. Investors are wary of high valuations in the tech sector and the impact of rising interest rates. In Hong Kong, the Hang Seng Index fell by 0.7%, while the Nikkei in Japan dipped by 0.9%. The Shanghai Composite Index also experienced losses. This negative sentiment is likely to continue until there is more clarity on the market direction.



Read more at Google: Asian markets track Wall Street losses on worries over tech rally – Yahoo Finance UK