Asian stocks fell sharply due to worries about US economy, sinking tech shares.

From Yahoo Finance: 2024-09-08 23:41:17

Asian equities slumped at the start of the week, with the MSCI Asia Pacific Index falling as much as 1.8% due to concerns over US economic growth. Tech stocks like Taiwan Semiconductor and Samsung were among the biggest drags. Weak US non-farm payrolls data has investors worried about the Fed’s support for the economy. Chinese shares declined on deflationary pressures, while sectors like medical equipment and luxury goods saw mixed performances. Various indexes fell around Asia, with Japanese markets hit particularly hard. Notable movers included Samsung, Akeso, Nio, China Renaissance, and Guzman y Gomez.



Read more at Yahoo Finance: Asian Stocks Tumble as Worry on US Economy Sinks Tech Shares