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Asian shares meander after big-tech led drop on Wall Street

Asian shares meander after big-tech led drop on Wall Street

ABC News
Tuesday, October 05, 2021 07:41:55 AM UTC

Shares are mostly lower in Asia after a broad slide on Wall Street led by technology companies

Shares were mostly lower in Asia on Tuesday after a broad slide on Wall Street led by technology companies.

Tokyo’s Nikkei fell 2.2% while Hong Kong's Hang Seng recovered from early losses.

China-U.S. tensions regained the spotlight after U.S. Trade Representative Katherine Tai said she plans frank conversations with officials in Beijing about an interim trade deal aimed at resolving a tariff war.

Tai said she did not want to “inflame trade tensions with China." But her comments suggested continuity of U.S. policy toward Beijing under President Joe Biden from the strategy adopted by his predecessor, Donald Trump.

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