An electronic stock board outside a securities firm in Tokyo, Japan, on Monday, Sept. 30, 2024. Japanese stocks tumbled after Shigeru Ishiba's surprise victory over Sanae Takaichi in the ruling party's leadership race wrongfooted investors who had bet on a boost from more monetary stimulus from his rival. Photographer: Kiyoshi Ota/Bloomberg
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Moneycontrol05-02-2026, 06:13

Asian Stocks Brace for Decline as Tech Sell-Off Accelerates; Global Markets React

  • Asian stocks are set to fall, mirroring US shares, due to an accelerated sell-off in technology stocks and investor rotation.
  • The Nasdaq 100 suffered its worst two-day rout since October, breaching a key technical level, signaling potential further losses.
  • Concerns over tech valuations, high spending, and AI's impact on business models are driving the tech-heavy sell-off.
  • The yen weakened against the dollar ahead of Japan's elections, while gold and silver advanced.
  • US service providers saw strong growth, and Presidents Trump and Xi discussed trade and geopolitical issues.

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