Asian stocks fall due to rising yields and weak data, tech sector hit hardest

From Investing.com: 2024-10-23 22:54:21

Most Asian stocks fell on Thursday due to rising U.S. Treasury yields and weak economic prints, with tech-heavy bourses being hit the hardest. South Korea and Hong Kong’s tech indexes dropped, while SK Hynix Inc and Horizon Robotics saw gains. Japanese shares were muted after soft PMI data, with concern over the upcoming general election. Broader Asian markets stayed flat or declined, with Australia showing slight growth despite sustained contraction in certain sectors. Indian market futures pointed to a positive open, with key earnings reports and PMI data expected later in the day.



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