Asian Stocks Slide as Technology Names Track U.S. Peers Lower
- Tech shares drop most among sectors to trim year’s rally
- Samsung down amid speculation on growth: Samsung Securities
The Takeaways From Amazon's Second-Quarter Earnings
This article is for subscribers only.
Asian shares retreated from a 10-year high as technology firms led declines following earnings from U.S. heavyweights including Amazon.com Inc. and Twitter Inc.
The MSCI Asia Pacific Index dropped 0.7 percent to 159.25 as of 5:19 p.m. in Hong Kong, erasing its weekly gain. The MSCI Asia Pacific Information Technology Index fell 1.5 percent as the worst performing sub-gauge. The Asian technology benchmark is still up 37 percent this year, even with Friday’s selloff.