Asia down as Wall Street knocked by tech sell-off, dollar sags [Reuters]
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Source: Reuters
Asia down as Wall Street knocked by tech sell-off, dollar sags | Reuters 3 Min Read TOKYO (Reuters) - Asian stock markets slipped on Tuesday, extending sharp overnight losses on Wall Street as technology firms bore the brunt of worries about slackening demand, while the dollar sagged after weak U.S. data further sapped confidence in the currency. MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.3 percent. Australian stocks lost 0.7 percent and tech-heavy South Korean shares dropped 0.9 percent. In Seoul, Samsung Electronics fell 2.1 percent and SK Hynix Inc dropped 3 percent, while Japan’s Tokyo Electron was down 2.5 percent, Advantest lost 1.8 percent and Sony Corp shed 2.8 percent. Japan’s Nikkei was down 1 percent. Shares of Nissan Motor Co tumbled roughly 6 percent after its Chairman Carlos Ghosn was arrested on Monday for alleged financial misconduct and will be fired from the board this week. U.S. stocks came under heavy selling on Monday, with Nasdaq tumblin
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