Asia stocks fall on tech rout contagion, global uncertainty

SINGAPORE - Asian shares are set to end the week on a sour note, as uncertainty across the geopolitical landscape and in major economies added to headwinds for investors even as the global rate easing cycle gets under way.

Japan's Nikkei fell to a more than two-week low and was last down 0.1%, extending its sharp 2.4% fall from the previous session.Technology stocks continued to struggle, with South Korea's tech-heavy KOSPI index and Taiwan stocks both easing more than 1%. In China, investors were left disappointed over the lack of details provided on the implementation steps for achieving the country's economic policy goals at the conclusion of its closely watched plenum on Thursday.

The yen was a touch firmer at 157.31, helped by suspected bouts of intervention from Japanese authorities to prop up the currency and as an acceleration in the country's core inflation last month kept alive expectations that the Bank of Japan could soon raise interest rates.Brent crude futures eased 0.58% to $84.62 a barrel, while U.S. crude futures slid 0.81% to $82.15 per barrel.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Asian shares advance ahead of U.S. inflation reportTOKYO (AP) — Asian shares gained Friday as traders looked ahead to a key report on inflation that could influence the Federal Reserve's next move on interest...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian shares are mostly lower ahead of key US inflation reportBANGKOK (AP) — Shares fell Thursday in most Asian markets ahead of a key U.S. inflation report due Friday that might point the way ahead for interest rates.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian shares advance after Nvidia's rebound offsets weakness on Wall StBANGKOK (AP) — Asian shares are mixed after a rebound for Nvidia offset weakness on Wall Street.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian shares lower after Wall Street closes another winning weekHONG KONG (AP) — Asian shares were mostly lower Monday after U.S. stocks coasted to the close of their latest winning week on Friday, even as Nvidia ’s stock...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian stocks are mixed after US markets were closed for JuneteenthHONG KONG (AP) — Asian stocks were mixed in thin trading Thursday after U.S. markets were closed in observance of Juneteenth.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian stocks are mixed after Wall Street edges to more recordsHONG KONG (AP) — Asian stocks were mixed on Wednesday after U.S. benchmarks ticked to more records following the latest signs that the U.S. economy may be...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »