Asia Stocks Plunge Most in 11 Months in Broad Rout, Tech Slumps
- Asia technology gauge falls more than 4%, most since March
- Higher yields hit priciest part of the market: T. Rowe Price
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Asian stocks fell the most since March as losses in technology shares deepened amid a global selloff triggered by rising Treasury yields.
Taiwan Semiconductor Manufacturing Co., Samsung Electronics Co. and Tencent Holdings Ltd. contributed the most to losses in the MSCI Asia Pacific Index, which dropped as much as 3.2%. A gauge of the region’s technology stocks tumbled more than 4%, also the most since March.