Global Markets Decline as Tech Stocks Lead Wall Street Sell-Off

HONG KONG — Asian and European markets mostly declined on Friday, influenced by a broadly negative performance on Wall Street, where tech giants experienced a sell-off due to profit-taking. Traders are also closely monitoring the yen as it nears a three-decade low, anticipating potential intervention. Despite weaker-than-expected US economic data indicating some softening of the world’s largest economy, it was insufficient to drive the S&P 500 and Nasdaq to record highs.