Global Tech Jitters Rattle Asian Stock Markets
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Asian stock markets closed mixed on Friday, with Hong Kong and Shanghai declining due to weak tech sector performance, while Tokyo's Nikkei 225 rose 0.8% on strong earnings and election optimism. The Hang Seng Index fell 1.2%, led by losses in tech and property shares. Japan's leading business index improved, reflecting a stronger labor market. Other regional markets also saw declines, with the MSCI All Country Asia Pacific Index down 0.1%. The Reserve Bank of India maintained its interest rate at 5.25% amid robust growth expectations.
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