(Bloomberg) — Asia technology shares slumped Thursday as investors reacted to a series of negative events from the simmering Sino-U.S. trade tensions to stretched valuations in the sector.The MSCI Asia Pacific Information Technology Index slipped as much as 3.3%, the most intraday since March 23. Taiwan Semiconductor Manufacturing Co., which has the biggest weighting on the index, slid as much as 6.2%, while Samsung Electronics Co., another heavyweight, ended 4.2% lower after Nvidia Corp. suggested the growth of its data center business will slow.There’s been “a euphoric demand” for tech stocks so far amid the spread of the coronavirus but …read more
Source:: Yahoo Finance
