Asian shares dropped for the second day, as technology companies led declines following a U.S. sell-off.
The MSCI Asia Pacific Index slipped less than 0.1 percent to 172.43 as of 4:34 p.m. in Hong Kong after paring a 0.5 percent loss. Japan’s Topix retreated 0.3 percent after the yen strengthened against the dollar. Hong Kong’s Hang Seng Index added 0.3 percent, while South Korea’s Kospi gauge lost 0.1 percent.
Asian investors are turning more cautious, as the second quarter unfolds with China announcing retaliatory tariffs on U.S. goods and gold rising in a flight to havens.
Source : Bloomberg