Stock markets tumble on tech sell-off, dollar sags [Reuters (UK)]
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Source: Reuters
Stock markets tumble on tech sell-off, dollar sags | Reuters 4 Min Read TOKYO (Reuters) - Asian stock markets skidded on Tuesday, extending sharp 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 0.9 percent. The Shanghai Composite Index retreated 1 percent, Australian stocks lost 0.9 percent and tech-heavy South Korean shares dropped 0.8 percent. In Seoul, Samsung Electronics fell 1.8 percent and SK Hynix Inc dropped 2.8 percent, while Japan’s Tokyo Electron was down 1.4 percent, Advantest lost 1.2 percent and Sony Corp shed 2.6 percent. Japan’s Nikkei slipped 0.9 percent. Shares of Nissan Motor Co tumbled 4.3 percent after its Chairman Carlos Ghosn was arrested on Monday for alleged financial misconduct and will be fired from the board this week. “By under-reporting his corporate salary,
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