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Asia Markets: Asian markets slide lower, dragged by tech stocks

Asian markets were drifting lower in early Friday trading, with China and Hong Kong leading the way with declines around 1%. Korea and Taiwan were down about half that level, following the pullback in the fellow tech-heavy Nasdaq in the U.S. overnight.

Chinese stocks added to Thursday’s weakness, extending recent underperformance in the region. The Shanghai Composite SHCOMP, -1.36% was off 0.9% in early trading, dragged down by real estate, financials and utilities. Small caps were down similarly despite news that the U.S. has reached a deal with China to allow ZTE to get back to business.

In Hong Kong, the Hang Seng HSI, -1.95% was off 1.1% after logging a sixth-straight day of gains Thursday.

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