Asia stocks to drop as Fed hawks spur Nasdaq rout
Asian stocks are poised to drop Friday after a raft of Fed officials signaled they will combat inflation aggressively and technology companies -- seen as most sensitive to higher rates -- tumbled to send the the $NASDAQ 100 Index(.NDX.US)$ to its lowest level since October.
The $S&P 500 Index(.SPX.US)$ also dropped, along with crude oil, copper and Bitcoin. Treasuries rose...