Asia Markets: Tumbling tech stocks lead Asian-market slide

Technology stocks led the way lower in Asia on Wednesday, dragged by the sector’s slide in the U.S., as the region lost its early-week gains.

The Nikkei Stock Average NIK, -1.82% ended morning trading down 1.8%, reversing much of Tuesday’s 2.7% jump. SoftBank 9984, -3.74% slid 3.3% and Nintendo 7974, -2.74% shed 2.5% even as the yen reversed some of the gains it made in U.S. afternoon trading.

A number of Asia Pacific stock indexes were down at least 1%, including Hong Kong’s. There, a gauge of technology stocks fell 2.4% as Tencent 0700, -3.24% lost 2.1%, while smartphone-component suppliers AAC Technologies AAC, -5.46% and Sunny Optical 2382, -6.36% both dropped more than 4%.

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