Tech share plunge drags Asian stocks lower

Asian shares fell on Thursday, weighed down by a plunge in high-flying technology shares, a move that some see as a healthy correction after a strong rally but others believe may herald the peak of a “super cycle” that has been boosting the sector.

MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.5 percent, with technology bellwether Samsung Electronics falling 2.9 percent to two-month lows.

Japan’s Nikkei dipped 0.3 percent, led by falls in Sony , Murata manufacturing and other technology shares.

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Posted in: Indian Market Tips