The move on Wall Street “was quite a significant reversal,” said Jingyi Pan, a market strategist at IG Group . Tech stocks have also been on a winning streak in Asia, with some gaining nearly 70% this year, boosted by the optimism overseas as well as solid earnings. Leading the way lower in Asia Monday was Hong Kong’s Hang Seng Index, which slid 1.2% as internet heavyweight Tencent finished morning trading down 2.6%. Samsung Electronics, which makes up nearly one-quarter of the Kospi’s weighting, and has led the index to a series of record highs recently. But the New Taiwan dollar, a strong performer this year as money moved into Taiwan’s stock market, fell 0.2% against the U.S. dollar Monday.

Source: Wall Street Journal June 12, 2017 02:57 UTC