World shares skid after tech sell-off on Wall Street

| | Bangkok
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World shares skid after tech sell-off on Wall Street

Wednesday, 12 May 2021 | AP | Bangkok

Shares dropped Tuesday in Asia after selling of several Big Tech companies pulled US benchmarks lower. Paris, Frankfurt, Tokyo and Hong Kong declined while Shanghai advanced. Despite reassurances from the Federal Reserve and a much weaker than expected US jobs reading last week, investors have refocused on the potential for surging prices to pressure central banks into tapering off on their massive stimulus and ultra-low interest rates, analysts said.

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