Tech Declines Add to Pressure on Emerging Markets

By Anonymous

Asian stocks were mixed Friday. Benchmark Chinese indexes in Shenzhen and Shanghai rebounded less than 0.5%, after dropping for the previous two days on trade worries. Indexes in Japan and South Korea declined, while Hong Kong was little changed.

Friday’s Big Theme

Some Asian technology stocks sold off, after an overnight decline in the U.S., where tech shares were hit by trade concerns and worries about slowing demand for semiconductors.