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International Business Times

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AFP News

Asian Markets Track Tech-led Plunge On Wall St, Yen Extends Gains

Asia Alphabet Tesla Inc. Stephen Innes United States the Bank of Japan Tokyo

The yen has been boosted by expectations for a US interest rate cut and speculation over a hike by the Bank of Japan (Credit: AFP)

Asian markets tumbled Thursday after a tech-fuelled sell-off saw Wall Street tank, as disappointing earnings caused traders to panic that a months-long rally in the sector may have been overdone.

Tokyo's Nikkei led the retreat in equities, with a stronger yen adding to the downward pressure on exporters, while technology giants across the region were deep in the red.

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