Asian Markets Sink As Bond Yields Rise and Tech Stocks Slump

• Asian shares fell sharply following Wall Street's slump due to rising US bond yields and pressure on stocks • China's economy grew faster than expected in Q1 2022, but Chinese and Hong Kong stocks still declined • The US dollar hit fresh 34-year highs against the Japanese yen • Strong US retail sales data has traders forecasting fewer Fed rate cuts than previously expected • Big Tech stocks like Apple, Nvidia, and Microsoft fell sharply, weighing down major indexes