Asia-Pacific markets see another weak session as tech sell off deepens

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Restored Cheonggyecheon at night, Seoul.

Renan Gicquel | Moment Open | Getty Images

South Korea’s Kospi plunged as much as 5% Friday, leading another weak session in Asia markets after the tech sell-off turned into a rout on Wall Street.

The South Korean index pared losses and was last down 3.86%, while the small-cap Kosdaq saw a larger loss of 5.26%.

Japan’s Nikkei 225 opened down 1.22%, on pace for a third straight day of losses. The broad-based Topix was 0.74% lower.

Australia’s S&P/ASX 200 also showed signs of weakness, falling 1.61%.

Hong Kong’s Hang Seng Index futures were at 26,510, below the last close of 26,885.24.

Overnight in the U.S., the Dow Jones Industrial Average shed 1.20%, while the S&P 500 lost 1.23%, pushing it into negative territory for the year. The tech-heavy Nasdaq Composite posted the biggest decline, dropping 1.59%.

—CNBC’s Sean Conlon and Sarah Min contributed to this report.


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