Asian equities edge down after tech shares dip on Wall Street

Asian equities edge down after tech shares dip on Wall Street

On Tuesday, Asian equities slid a bit following a lackluster trading session on Wall Street where technology shares went down.

Japan’s Nikkei 225 index dived 0.3% because the Japanese yen rallied versus the greenback. Market participants are closely watching the US tax legislation as well as Brexit talks.

Aside from that the Kospi soared 0.2% in South Korea trading at 2,507.44, the Shanghai Composite index lost 0.2% demonstrating an outcome of 3,303.05. Stocks in Southeast Asia mostly gained, Taiwan decreased. In Australia the S&P ASX 200 sank 0.2% reaching 5,971.80.

Meanwhile, on Wall Street telecom equities, financial institutions as well as other sectors, standing to benefit the most from the government’s drive to cut corporate tax rates, rallied, although technology shares dived, giving up a chunk of the revenues, which made them the best-performing part of the market by far in 2017.

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