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Markets

Asian shares slide following Wall Street tech sell-off

Japan, Hong Kong and South Korea bench marks weaker on inflation outlook

The Nikkei stock index is seen on an electric board outside a brokerage in a business district in Tokyo. (Photo by Kai Fujii)

TOKYO -- Equity benchmarks across Asia fell sharply on Tuesday, as fears of higher inflation prompted investors to dump risk assets, especially highflying tech stocks.

Japan's blue-chip Nikkei Stock Average index was one of the worst performers, closing down over 900 points, or 3%, while the broader Topix index also slid 2%. The Nikkei index recorded the biggest percentage drop in over two months.

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