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Asia Markets: Asian stocks tumble on heels of U.S. tech selloff

Asia-Pacific stock markets were hit by profit-taking Friday, after a strong week in the region and a selloff in U.S. tech stocks overnight.

Australia and South Korea led losses in the region, with the Kospi poised for its third decline in four sessions. The index SEU, -1.62% fell 1.4% as a 3.4% pullback in Samsung 005930, -3.82% eighed. Until this week, the Kospi had been a star in setting record closing highs for eight straight trading days through Monday.

Profit-taking was also evident in Australia, where the S&P/ASX 200 index XJO, -1.42% slid 1.5% after rising a combined 1.7% in the previous three days.

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