Hong Kong (CNN Business) Asia Pacific markets fell sharply Friday, tracking a plunge on Wall Street and a particularly steep sell-off of tech stocks overnight. Hang Seng Index HSI Kospi KOSPI Nikkei 225 N225 Shanghai Composite SHCOMP Australia's S&P/ASX 200 declined more than 3%. Nasdaq Composite COMP As in the United States, where the tech-heavytumbled nearly 5%, tech stocks were the biggest losers in Asia. The Hang Seng Tech Index — a new index tracking the 30 largest tech firms listed in Hong Kong — sank as much as 5.3% in the morning. (Tech stocks will soon become even more important for Hong Kong's benchmark Hang Seng Index, which adds Alibaba and Xiaomi next week — a reflection of the growing number of Chinese tech firms trading in the city.)

Source: CNN September 04, 2020 03:56 UTC