Tokyo - A selloff in US technology stocks spread to Asia, dragging down shares from Seoul to Hong Kong. The British pound held losses as investors assessed the risks from the UK’s political turmoil.
Technology companies on the MSCI Asia Pacific Index tumbled, with Samsung Electronics and Tencent Holdings leading declines. US stock futures fell after the Nasdaq 100 sank 2.4% on Friday.
Sterling was steady after the biggest drop in eight months as Prime Minister Theresa May struggled to keep power in the wake of Thursday’s election.