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6 years ago

Asian shares slump after US technology drop

File Photo (Collected)
File Photo (Collected)

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Asian stocks slipped Tuesday, as pessimism followed an overnight drop in New York amid a rout in technology companies.

Japan's benchmark Nikkei 225 dropped nearly 1.0 per cent in morning trading to 21,273.04. Australia's S&P/ASX 200 slipped nearly 0.6 per cent to 5,924.00.

South Korea's Kospi shed 0.4 per cent to 2,465.43. Hong Kong's Hang Seng was down 0.7 per cent at 31,304.29, while the Shanghai Composite edged down 0.4 per cent to 3,266.69, reports AP.

The S&P 500 index sank 39.09 points, or 1.4 per cent, to 2,712.92. The Dow Jones industrial average fell 335.60 points, or 1.3 per cent, to 24,610.91.

The Nasdaq composite gave up 137.74 points, or 1.8 per cent, to 7,344.24. The Russell 2000 index of smaller-company stocks declined 15.49 points, or 1 per cent, to 1,570.56.

Benchmark US crude rose 19 cents to $62.32 a barrel. Brent crude, used to price international oils, gained 17 cents to $62.22 per barrel in London.

The dollar recovered to 106.21 yen from 105.92 yen late Monday. The euro rose to $1.2346 from $1.2267.

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