ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Stocks

Tech companies lead Nikkei Asia300 lower after Nasdaq slide

Heavyweights Samsung Electronics, Tencent Holdings shed more than 3%

MUMBAI (NewsRise) -- Asian stocks outside of Japan slumped Thursday, as regional technology companies fell, tracking an overnight selloff in their U.S. counterparts.

The Nikkei Asia300 Index declined 1.5% to 1,381.03. South Korea's Samsung Electronics and SK Hynix, the world's biggest memory chipmakers, dropped 3.4% and 6.8% respectively. Hong Kong-listed social media major Tencent shed 3.3% and Taiwan Semiconductor Manufacturing Co. lost 3.6%. Samsung, Tencent and TSMC are among the heaviest weighted stocks on the Asia300 Index. U.S.-listed Alibaba Group Holding and Baidu dropped at least 3.5% in overnight trading.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more