Asia stocks fall as rising yields dent tech, weak data weighs

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Asia stocks fall as rising yields dent tech, weak data weighs

Investing.com-- Most Asian stocks fell on Thursday as rising U.S. Treasury yields pressured technology stocks, while weak economic prints from several regional economies also weighed on sentiment.

Uncertainty over a tight presidential race and a slower pace of interest rate cuts dented Wall Street in recent sessions. Sentiment towards Japanese stocks was on edge before a general election this Sunday, where the ruling Liberal Democratic Party could be pushed into seeking a coalition to retain power.indexes fell 0.6% and 0.4%, respectively, losing steam after four straight days of gains on optimism over more stimulus measures.

 

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