Technology stocks dropped in Asia on Monday, adding force to a global rout in the sector.
Japan’s Nikkei 225 plummeted 254.92 points, or 1.7%, to 14,808.85.
Investors alarmed by another slide in U.S. technology stocks Friday unloaded their tech holdings in Tokyo, sending electronics maker Panasonic down 3.7% and semiconductor-equipment maker Tokyo Electron off 3.1%.
The Hang Seng Index in Hong Kong dumped 132.93 points, or 0.6%, to 22,377.15
Technology stocks also were battered in Hong Kong on Monday, sending Chinese Internet giant Tencent Holdings down 4.2%. Software maker and online-gaming company Kingsoft fell 4.8%.
In South Korea, Samsung Electronics, the world’s largest maker of smartphones and the biggest constituent of the index, bucked the tech slump, rising 0.6%.
In other markets;
Markets in mainland China were closed Monday for Ching Ming festival.
Taiwan’s Taiex Index returned from a long weekend to fall 12.10 points, or 0.1%, to 8.876.44
Singapore’s Straits Times Index skidded 19.13 points, or 0.6%, to 3,193.59
Korea’s Kospi Index inched up 1.61 points, or 0.1%, to 1,989.70
The New Zealand Exchange 50 index slipped 48.06 points, or 0.9%, to 5,075.84
In Australia, the S&P/ASX 200 was down 9.10 points, or 0.2%, to 5,413.73
