Asian Shares Dip as US Tech Selloff Sparks Global Market Rotation

• Asian equities, including Japanese and Australian stocks, opened lower following a tech-led selloff in US markets.
• US benchmarks like the S&P 500 and Nasdaq 100 were dragged down by declines in software makers, with Advanced Micro Devices Inc. giving a disappointing sales forecast.
• Despite major index losses, many S&P 500 shares rose, and economically sensitive industries saw rotation, exemplified by FedEx Corp.'s rally and Walmart Inc. topping $1 trillion.
• A significant rotation from AI-led growth stocks to broader market participation and value shares has been observed, particularly in 2026.
• Bitcoin continued its decline, and the dollar edged higher, while Federal Reserve officials discussed potential interest rate cuts later this year.

Why It Matters: Asian markets fell due to a US tech selloff, signaling a shift from growth to value stocks globally.