Asia-Pacific markets see another weak session as tech sell off deepens
Restored Cheonggyecheon at night, Seoul.
Renan Gicquel | Moment Open | Getty Images
South Korea’s Kospi plunged as much as 5% Friday, leading another weak session in Asia markets after the tech sell-off turned into a rout on Wall Street.
The South Korean index pared losses and was last down 3.86%, while the small-cap Kosdaq saw a larger loss of 5.26%.
Japan’s Nikkei 225 opened down 1.22%, on pace for a third straight day of losses. The broad-based Topix was 0.74% lower.
Australia’s S&P/ASX 200 also showed signs of weakness, falling 1.61%.
Hong Kong’s Hang Seng Index futures were at 26,510, below the last close of 26,885.24.
Overnight in the U.S., the Dow Jones Industrial Average shed 1.20%, while the S&P 500 lost 1.23%, pushing it into negative territory for the year. The tech-heavy Nasdaq Composite posted the biggest decline, dropping 1.59%.
—CNBC’s Sean Conlon and Sarah Min contributed to this report.
