UK Investment Guides Loader

Asian shares pull back after U.S. tech stocks knocked off highs

written by Bella Palmer
Asian shares

Asian stock markets sagged on Friday after U.S. tech shares retreated from recent rallies, though optimism about U.S. corporate earnings and the global economy underpinned overall sentiment.

European shares were expected to open lower, with spread-betters looking for Germany's DAX <.GDAXI> to fall 0.7 per cent and Britain's FTSE <.FTSE> to drop 0.6 per cent.

MSCI's broadest index of Asia-Pacific shares outside Japan <.MIAPJ0000PUS> fell 1.1 per cent, erasing almost all of its weekly gains, with Samsung Electric <005930.KS>, Asia's largest company by market capitalisation, dropping 4.4 per cent.


The opinions expressed by our writers are their own and do not represent the views of UK Investment Guides. The information provided on UK Investment Guides is intended for informational purposes only. UK Investment Guides is not liable for any financial losses incurred. Conduct your own research by contacting financial experts before making any investment decisions.

Share this post with friends!