29 Nov SE Asia Stocks-Singapore falls; tech selloff hits Asian sentiment
Nov 30 (Reuters) – Southeast Asian stock markets were
downcast on Thursday as broader Asian equities fell sharply on a
selloff in technology heavyweights, with Singapore falling the
most.
MSCI’s broadest index of Asia-Pacific shares outside Japan
retreated over 1 percent after U.S. technology
stocks posted steep losses overnight as investors shifted to
financials and other sectors that could potentially benefit from
lower regulation and taxes, as well as higher interest rates.
downcast on Thursday as broader Asian equities fell sharply on a
selloff in technology heavyweights, with Singapore falling the
most.
MSCI’s broadest index of Asia-Pacific shares outside Japan
retreated over 1 percent after U.S. technology
stocks posted steep losses overnight as investors shifted to
financials and other sectors that could potentially benefit from
lower regulation and taxes, as well as higher interest rates.
Chin
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