Markets drop as valuations and US jobs, rates spook investors

Legit | 07-11-2025 02:57pm |

Asian stocks tracked Wall Street losses Friday as investors weighed weak US jobs data against Federal Reserve signals suggesting no more interest rate cuts this year. All three main indexes on Wall Street ended down as tech firms, which have been at the forefront of the surge to record highs this year, took the brunt of the selling.

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