Japan’s Nikkei share average fell on Tuesday morning as local tech stocks tracked their U.S. counterparts’ declines on Wall Street, which knocked other sectors into negative territory.
The Nikkei dropped 0.9 percent to 21,294.61 in midmorning trade. The broader Topix dropped 0.7 percent to 1,707.31.
Concerns about increased regulation of large tech companies hit U.S. tech stocks as Facebook came under fire following reports it allowed improper access to user data. Japanese tech shares followed this trend in the Asian day.
Semiconductor equipment makers tumbled, with Tokyo Electron sliding 1.8 percent, Advantest Corp shedding 1.4 percent and electrical equipment maker Yaskawa Electric Corp tumbling 3.0 percent.
Source : Reuters