A selloff in Asia-Pacific markets accelerated on Friday, with chipmakers extending their decline.
In Japan, the Nikkei 225 index plummeted 2,694.42 points, or 4%, to 64,141.12.
In Hong Kong, the Hang Seng index tumbled 446.36 points, or 1.8%, to 24,562.24.
Shares of SoftBank dropped 9.2%, while chip equipment maker Tokyo Electron lost 9% and Advantest slid 9.4%, tracking steep overnight losses on Wall Street.
Japanese memory chipmaker Kioxia plunged over 14% after a federal jury in Texas on Thursday ordered the firm to pay $229 million in damages after finding it infringed a Viasat patent related to computer memory technology.
Hong Kong-listed shares of Tencent slipped 1.3%, Meituan fell 2.4% and Kuaishou lost 3.3%, while Baidu eased 0.7% and Alibaba lost 1.3%.
Taiwan’s TSMC fell 3.64% on Friday, a day after the company posted a sharp jump in profit, topping market expectations.
In other markets;
Markets in Korea were closed for holiday.
In Shanghai, the CSI index slumped 169.34 points, or 3.6%, to 4,529.10.
In Singapore, the Straits Times 50 index lost 29.95 points, or 0.5%, to 5,509.43
In Taiwan, the Taiex index cratered 2,953.71 points, or 6.5%, to 42,671.27.
In New Zealand, the NZX 50 recovered 79.9 points, or 0.6%, to 13,694.68.
In Australia, the ASX dipped 43.92 points, or 0.5%, to 8,796.75.
