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Asian technology stocks slide following US markets drop

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By Euronews
Asian technology stocks slide following US markets drop

Asian shares slid in early Tuesday trade, with Japan leading losses in the region as they extended yesterday's global selloff.

It follows pressure on US markets from a drop in technology stocks and China trade-war fears.

Shares of tech giants all declined overnight in the first trading session of the month.

Twenty-four hours earlier Intel shares had plunged 6% after reports that Apple has decided to use its own chips in its computers starting as soon as 2020.

E-commerce giant Amazon, one of the best performers over the past year, declined after US President Donald Trump criticized the company in a series of tweets.

Meanwhile after yesterday's slump on Wall Street investors await the next round of tit-for-tat tariffs between the US and China.