Asian Markets React to Wall Street's Slide Amid Economic Uncertainties

Investors weigh China's modest growth targets and tech sector performance as they anticipate Federal Reserve's next moves.

Asian stocks showed mixed responses following a significant downturn in Wall Street, with major indices experiencing varied movements.
China's economic growth target of around 5% and modest stimulus plans have raised concerns among investors, contributing to market volatility.
Tech heavyweights, including Apple and Tesla, faced declines, influencing overall market sentiment ahead of Federal Reserve Chair Jerome Powell's testimony.
Bitcoin's surge to above $69,000, briefly surpassing its 2021 record, highlights the cryptocurrency's volatile nature and investor interest.
Expectations for interest rate cuts by the Federal Reserve have grown, influenced by recent economic reports indicating a slowdown in service sector growth and factory orders.