Asian stocks falter as global growth fears temper tech boost – ZAWYA

Asian stocks falter as global growth fears temper tech boost – ZAWYA

Asian stocks falter as global growth fears temper tech boost After rising in early trade, MSCI's broadest index of Asian shares outside Japan turned lower by late morning. It was last down 0.22%    Image used for illustrative purpose. A trader works as a screen shows market data behind him at CMC markets in London, Britain, December 11, 2018. Asian shares wobbled in a choppy session on Friday as abysmal economic data from the United States and rising global COVID-19 cases weighed on sentiment, despite strong U.S. tech earnings and signs of manufacturing recovery in China and Japan.The U.S. dollar was also set for its worst month in a decade amid expectations the Fed will maintain its ultra-loose monetary policy for years.  U.S. GDP collapsed at a 32.9% annualized rate in the second quarter, the deepest decline on record, while jobless claims rose last week, adding to signs the momentum of economic recovery has slowed.  The U.S. dollar was also set for its worst month in a decade amid expectations the Fed will maintain its ultra-loose monetary policy for years. Asian shares wobbled in a choppy session on Friday as abysmal economic data from the United States and rising global COVID-19