Asian Stocks Rebound Friday but Remain Down for the Week Amid Tech Rout, Hawkish Rate Hike Fears

Asian stocks rebounded on Friday as tech shares recovered some losses, but indexes remain on track for weekly declines due to rising yields and anticipation of central bank policy meetings.

Losses were seen across most Asian indexes this week, especially in South Korea and Japan, as tech stocks were hit hard.

Hong Kong and Chinese indexes held up better this week on hopes of economic stimulus measures.

U.S. markets retreated overnight providing some relief, but yields remain near highs ahead of next week's Fed meeting.

While Asian stocks saw gains Friday, sentiment remains negative overall ahead of anticipated hawkish signals from the Fed.