Tech Giants Stumble, Sending Friday Markets into Turmoil

Wall Street experienced a bearish day on Thursday, with the Nasdaq posting its biggest one-day loss since March due to steep post-earnings plunges in mega tech stocks Tesla and Netflix. The NYSE FANG+TM index slumped 4.6%, while the Dow Jones Industrials continued its upward trend. The dollar and U.S. Treasury yields also saw significant increases. In Asia, the focus will be on Japan's consumer inflation figures, which are expected to show a re-acceleration in June. The Bank of Japan's policy meeting next week will consider this data, as the government forecasts inflation to exceed the central bank's 2% target this year.