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Pull-back in US tech stocks spooks Asian markets
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Published Fri, Sep 4, 2020 · 09:50 PM
ASIAN stocks struggled on Friday, after US equities tumbled by the most in almost three months, as nervous investors took profit on tech stocks amid concerns over their lofty valuations.
In New York, the S&P 500 broke a 10-day winning streak and fell 3.5 per cent on Thursday.
The tech-heavy Nasdaq Composite collapsed by nearly 5.0 per cent and the Dow Jones Industrial Average, by 2.8 per cent.
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