Dow Jones Steady amid Tech Rout, Will ASX 200, Hang Seng Follow? DOW JONES, NIKKEI 225, ASX 200 INDEX OUTLOOK: Technology stocks plummeted, pulling down Wall Street benchmarks from recent highs Rising commodity prices bolstered the energy and material sectors, underpinning the Dow Jones index Hang Seng and ASX 200 opened mixed as investors awaited Powell’s testimony for clues about policy guidance Tech Rout, Yields, Commodities, Powell Speech, Asia-Pacific at Open: Asia-Pacific markets are poised for a cautious start on Tuesday following a mixed session from Wall Street. The closely watched US 10-year Treasury yield climbed to a fresh 12-month high of 1.394 before pulling back to 1.367 this morning, setting a sour tone for risk assets. Yields across the globe are rising on inflation expectations and reflation hopes as vaccine progress and an impending fiscal stimulus package bolstered the likelihood of a post-Covid recovery. Higher yields may have undermined the appeal of stocks, resulting in profit-taking activity in the highly-valued technology sector in particular.