📈 Global Tech Selloff Sparks Asian Market Volatility

Asian markets wobbled on Wednesday following a major overnight tech and semiconductor selloff on Wall Street, with analysts warning of increased market instability. • Market Performance: • MSCI Asia-Pacific (ex-Japan) dipped 0.02%. • Japan’s Nikkei swung wildly, dropping 0.8%. • South Korean shares rebounded 2.2% after a massive 10% plunge on Tuesday. • US Markets: Nasdaq tumbled 2.2%, S&P 500 fell 1.4%, and Dow dropped 0.09% amid AI spending worries and hawkish Fed speculation. • Currency & Commodities: • The US Dollar Index held near a one-year high at 101.43, keeping the Japanese Yen near 40-year lows (161.57 per dollar). Bank of Japan minutes revealed calls for more rate hikes after pushing interest rates to a 31-year high of 1.00%. • Oil prices hovered near 4-month lows as stranded tankers prepared to move post-Iran war peace deal, though terms remain uncertain. • Spot Gold dropped 0.48% to US$ 4,088.71 per ounce due to higher interest rate expectations. _Note: This international volatility and stronger US dollar could put pressure on emerging market currencies, potentially impacting import costs for commodity-reliant nations._