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Asian shares follow Wall Street lower as AI worries drag tech stocks lower [Globe and Mail, The (Toronto, Canada)]
Last broadcom inc. earnings: 3/12 04:15 pm
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US:NASDAQ Investor Relations: investors.broadcom.com
Traders were waiting for an update later in the day on U.S. inflation, and on a decision Friday by Japan's central bank on interest rates. The Bank of Japan is expected to raise its key rate by 0.25 percentage point to tamp down price pressures, despite a contraction in the July-September quarter. Tokyo's Nikkei 225 lost 1% to 49,001.50, with technology shares leading the decline. Technology and telecoms giant SoftBank sank 4%. Computer chip maker Tokyo Electron lost 3.2% while chip testing equipment maker Advantest dropped 3.3%. Honda Motor Corp. fell 2.2% after reports said it was suspending production at some plants in Japan and China due to shortages of computer chips. South Korea's Kospi sank 1.5% to 3,994.51, also pulled lower by selling of shares in electronics companies and automakers. LG Electronics declined 3.1%, while Samsung Electronics lost 0.3%. Chinese markets were mixed as Hong Kong's Hang Seng fell 0.3% to 25,385.93, while the Shanghai Composite index edged
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