Asia: Markets slide on fed concerns, U.S. tech selloff

Transcript

00:00In other news, Asian markets mostly fell today, following a sharp sell-off in U.S. tech stocks on Tuesday.

00:07Investors are keeping a close eye on inflation, as a strong U.S. producer price index report

00:12has raised concerns that the Fed may keep interest rates higher for longer.

00:17The drops also follow a meeting in Washington between U.S. and European military leaders

00:22to discuss a potential Ukraine peace deal.

00:25Tokyo's Nikkei fell sharply while shares in Hong Kong, Seoul, Taipei and Bangkok also lost ground.

00:32On Wall Street, tech giants like Nvidia, Palantir and Oracle were hit hard

00:37as worries grow over a prolonged tech rally and ongoing global uncertainties,

00:42including tariffs on major trading partners.