"Tech Losses Impact Asia Markets as Australia Unemployment Rises"
Asia-Pacific markets climbed after Wall Street's losses, with Australia's unemployment rate inching up to 3.8% in March, below expectations. Airline stocks in Asia soared as oil prices declined more than 3%, and the U.S. acknowledged Japan and South Korea's concerns over currency depreciation. Additionally, Morgan Stanley and HSBC are cutting investment banking jobs in the Asia-Pacific region, and analysts have lowered their price targets on several global stocks ahead of earnings.