Asian Stocks Hit Hard by China Woes, Rising U.S. Inflation

Asian stocks faced a sharp decline on Monday, with Chinese indexes leading the losses as investors expressed concerns over slowing economic growth and a more hawkish Federal Reserve. Tech stocks also suffered steep losses due to fears of rising interest rates. Indian markets are expected to open weak as investors await inflation data. The overall sentiment in the markets remains cautious as the U.S. Federal Reserve considers interest rate hikes.