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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.

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