Economy / Markets
Asia extends the tech slide as Chinese stocks sit in a bear market
MSCI's regional benchmark slipped 0.3% for a second day on Friday, around levels last seen in July, with Japan's Topix down 0.4% and Australia's ASX 200 0.3% in early trade while Hang Seng futures rose 0.8%. Taiwan's exchange was shut for a typhoon. Chinese equities have shed $2.4 trillion from their May peak, a bear market, and Hong Kong's tech index fell 5% on Thursday. SK Hynix scrapped the US listing of its Solidigm unit.
Sources
Bloomberg via The Business TimesThe Herald Business (Korea Herald)