Asian Markets Slide Amid Global Economic Uncertainty

Asian shares ended the week on a down note due to economic uncertainties, including Sino-U.S. trade tensions, U.S. political worries, and disappointing Chinese economic data. Tech stocks were particularly hard hit, with significant declines across major indices. Global currencies and commodities also showed mixed performances.

Asian shares are set to end the week on a sour note as uncertainties across major economies add to headwinds for investors, despite the global rate easing cycle beginning. This week has been tumultuous in markets, driven by a tech sell-off, deepening Sino-U.S. trade tensions, and disappointing Chinese economic data.

Continued uncertainty in the U.S. presidential race and a lacklustre outcome from China's third plenum have cast a long shadow over the global mood. Tokyo's recent interventions in the foreign exchange market have kept traders vigilant. 'We could just be getting a taste of things to come. And that is more turbulence,' said Matt Simpson, senior market analyst at City Index.

MSCI's broadest index of Asia-Pacific shares outside Japan slid 1.56%, marking its worst week in three months. Japan's Nikkei also hit a more than two-week low, extending its sharp fall from the previous session. European and U.S. stock futures showed mixed signals as tech stocks continued to face challenges globally.

(With inputs from agencies.)