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Asian shares fall as technology shares pull benchmarks lower

October 11, 2022

Via: ABC News

Asian shares were mostly lower on Tuesday as losses in technology-related shares weighed on global benchmarks.

Taiwan dropped 4.4% after reopening from a holiday in the first trading session since the U.S. imposed new limits on exports of semiconductors and chip-making equipment to China. TMSC, the world’s biggest chipmaker, plunged 8.3%.

Japan’s Nikkei 225 declined 2.6% to 26,401.25. South Korea’s Kospi lost 1.8% to 2,192.07. Both markets also were reopening after holidays on Monday.

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