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International Business Times
International Business Times
Business
AFP News

Asian Markets Battle To Recover From Tech Rout After US Data

Traders are awaiting the release of key inflation data that could give the Federal Reserve more room to cut interest rates (Credit: AFP)

Asian traders struggled to fight back Friday after a tech-fuelled sell-off, taking heart from forecast-beating US growth data that reassured that the economy was still in rude health, but did not dent hopes for an interest rate cut.

The positive performance came despite more losses on Wall Street, where the so-called "Magnificent Seven" heavyweights -- which have been key to this year's markets surge -- suffered more selling as investors swapped out of them and into cheaper, small caps.

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