HONG KONG -- Technology firms took a hit in Asia on Tuesday as two of the biggest names in the sector posted disappointing earnings, dampening sentiment on markets in the region. A below-forecast reading on Chinese factory activity added to the downbeat mood, though a weak US inflation print reinforced expectations the Federal Reserve will keep well away from lifting interest rates any time soon. While corporate results have broadly beaten expectations so far, nagging concerns about the outlook for the global economy are keeping investors on edge, preventing them from extending what has been a stellar start to the year for equities. There were losses across asset classes, with e...
Keep on reading: Asian markets mixed but tech firms sink
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