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Asian markets drop after tech shares tumble on Wall Street

Indexes exhibit some resilience as investors await clarity on US stimulus

Tokyo's Nikkei Stock Average fell in early trading on Friday, Sept. 4, one day after it regained its pre-pandemic level for the first time. (Photo by Kei Higuchi)

HONG KONG -- Asian stocks opened lower on Friday after Wall Street tumbled the most in nearly three months as the tech rally lost steam.

Japan's Nikkei Stock Average and South Korea's Kospi were 1.3% lower in early trade while Australia's S&P/ASX200 ceded 2.4%. China's CSI 300, an index of the largest stocks traded in Shanghai and Shenzhen, as well as Hong Kong's Hang Seng Index lost more than 1.5%.

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