Asian markets down amid big tech sell-off

By Agence France-Presse

Oct 29, 2022 12:09 am

HONG KONG: Most markets fell Friday as a weakening economy and disappointing earnings from tech giants offset signs that central banks could begin slowing their interest rate hike campaign.

After being battered for most of the year by worries that borrowing costs will continue to rise to fight inflation, traders were cheered by a report last week indicating the US Federal Reserve could take its foot off the gas soon.

UNCERTAINTY EVIDENT A woman walks past an electronic board showing the numbers on the Tokyo Stock Exchange shortly after the bourse opened in Tokyo on Friday, Oct. 28, 2022. Most markets fell Friday as a weakening economy and disappointing earnings from tech giants offset signs that central banks could begin slowing their interest rate hike campaign. AFP PHOTO

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