Asian stocks fell on Wednesday, mirroring losses in the U.S. as technology shares faced pressure and inflation concerns persisted. Benchmarks across major Asian markets, including Japan’s Nikkei 225 and South Korea’s Kospi, dropped sharply, reflecting investor unease over tightening monetary policy and economic growth uncertainty.
The selloff in U.S. tech stocks overnight set the tone for global markets, with companies like Apple and Microsoft leading declines. Rising bond yields, driven by fears of persistent inflation, further weighed on sentiment. Inflation risk remains a focal point, as markets anticipate central banks may keep interest rates elevated longer than previously expected.
Traders are also closely watching economic data out of the U.S. and China, with both economies facing growth challenges. In China, concerns over sluggish recovery and weak consumer spending are adding to the cautious mood, while U.S. labor market resilience suggests inflationary pressures may linger.
Investors globally are recalibrating their portfolios amid a volatile trading environment. Asian markets are expected to remain under pressure in the near term as macroeconomic concerns dominate headlines.
