Asian stocks slip as everyone waits for US inflation news
Asian stock markets took a dip on Friday, snapping a three-day winning streak.
Japan's Nikkei 225 led the drop, while tech shares pulled the broader MSCI Asia Pacific index lower too.
The mood was cautious after Wall Street's S&P 500 barely budged, with investors eyeing key US inflation data set to be released soon.
Why does this matter?
The US inflation report coming out today could shape whether the Fed changes interest rates—something that can impact various sectors, including global markets.
Even though jobless claims in the US hit a three-year low (which sounds good), ongoing layoffs and rising Treasury yields have people feeling uneasy about what comes next.
Regional markets like China and India are also experiencing movements, showing just how connected everyone is when it comes to big economic moves.