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Morning Bid: Gearing up for the tech roller-coaster ride

Tech stocks are yet again set to sway the wider markets after a lacklustre forecast from Facebook parent Meta Platforms sparked a broad sell-off across regions. Asian tech stocks followed suit and were down 2%, with tech heavy Taiwan and South Korean stocks both down 1%. Deutsche Bank, BNP Paribas SA and Barclays Plc are due to report their earnings and the focus will be on their net interest margin especially with interest rates in Europe and UK priced to fall in the second half of the year.