GLOBAL MARKETS-Tech drags on Asia stocks, dollar rises after US inflation data

Asian stocks slumped on Friday, tracking tech-led declines on Wall Street after hotter-than-forecast U.S. inflation knocked back bets for how soon and often the Federal Reserve will cut interest rates. U.S. benchmark bond yields held near the 4.3% level they reached on Thursday for the first time this month, following their biggest jump in three months. A bigger-than-expected rise in producer prices in U.S. data overnight added to a heated reading on consumer inflation earlier in the week to see futures markets cutting the odds of a June policy easing to 60%, from about 67% late on Wednesday, according to LSEG's rate probability app.