Asia stocks skid as global inflation fears, tech woes hit Wall Street

Asian stocks opened sharply lower on Friday after Wall Street's main indexes tumbled, with technology-related stocks under pressure following a steep rise in benchmark US Treasury yields.
 

Australia's S&P/ASX 200 fell 2 per cent in early trade, on track for the biggest intraday percentage loss since January 28.
 

Japan's Nikkei 225 was down 1.8 per cent while Hong Kong's Hang Seng index futures lost 1.69 per cent.
 

US Treasury yields vaulted to their highest since the pandemic began on expectations of a strong economic expansion and related inflation. The bond sell-off accelerated after a disappointing auction of seven-year notes at