Asia Markets: Asian markets retreat as investors show caution

Major stock indexes in Asia fell slightly on Friday, mirroring Wall Street’s cautious sentiment on risk taking, though strong earnings results from tech companies saw shares in the sector rise.

The market-friendly result of the first round of elections in France helped the region start the week strongly, but stocks have given back some of their gains as investors refocused on local drivers.

The Nikkei Stock Average NIK, -0.29% was down 0.2% in early trading despite a softer yen, as traders wound down activity ahead of the Golden Week holiday next week. The S&P/ASX 200 XJO, +0.04% in Australia was down 0.3%, while Hong Kong’s Hang Seng Index HSI, -0.40% retreated 0.2%.

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