From Investing.com: 2024-05-29 23:04:36

Most Asian stocks fell on Thursday due to inflation fears and high interest rates, with tech sector leading the declines. Stock index futures in the US also dropped as investors awaited key economic data. Tech and chipmaking stocks saw the steepest losses as AI rally cooled, with major chipmaking stocks like Advantest Corp. and SK Hynix Inc. falling. However, Semiconductor Manufacturing International Corp. in China saw a jump in stock price due to increased chipmaking capacity and government support. Chinese stocks fell less than regional peers, supported by promises of more policy measures to boost economic growth. Overall, Asian markets retreated ahead of U.S. interest rate cues.



Read more at Investing.com: Asian stocks sink on tech losses as rates, inflation fears mount By Investing.com