Asian tech firms track Wall St losses as US tax boost wanes
Asian tech
Hong Kong - Egypt Today
Tech giants including Samsung and Tencent sank in Asian trade on Tuesday, tracking a sell-off in their US rivals and dragging most regional markets lower.
While investors welcomed news that the US Senate had finally passed controversial tax reforms, the deal must still be reconciled with a House bill, while the probe into alleged Russian meddling in last year's election continues to dog Donald Trump.
The Dow closed at a record high on Wall Street but the Nasdaq tumbled more than one percent as dealers shifted out of the tech sector, which has enjoyed a healthy rally through the year, and into financial firms.
"The high-tech sell-off has worsened overall sentiment," said Toshihiko Matsuno, chief strategist at SMBC Friend Securities.
- Wednesday ,12 December GMT 08:26 2018 Australian government discusses moving Israel embassy to Jerusalem
GMT 13:29 2018 Friday ,14 December
Turkey targets military over alleged Gulen linksGMT 09:32 2018 Wednesday ,12 December
Huawei CFO gets bail; China detains ex-Canadian diplomatGMT 09:24 2018 Wednesday ,12 December
LuLu supports KFUPM Rectors Cup marathonGMT 09:12 2018 Wednesday ,12 December
Ford trains 1,600 motorists in Mideast, Africa in 2018GMT 09:00 2018 Wednesday ,12 December
May tours Europe in desperate bid to save Brexit dealGMT 08:26 2018 Wednesday ,12 December
Australian government discusses moving Israel embassy to JerusalemGMT 10:32 2018 Tuesday ,11 December
Trump’s troubled White House in search of new chief of staffGMT 10:03 2018 Monday ,10 December
23 Palestinians arrested in West BankRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read MoreGMT 19:19 2011 Monday ,15 August
Doha Park fun event to open on October 6
GMT 19:45 2017 Tuesday ,07 March
Jordanian expert stressed his country’s richness of resources
GMT 12:07 2016 Tuesday ,04 October
Unique take on Prince's 'Purple Rain' at New York festival
GMT 21:02 2017 Saturday ,28 January
Modi seeks majority in Goa to make it 'comfortable' state
GMT 23:35 2017 Friday ,24 February
An inspiring encounter that led to Abu Dhabi Festival
GMT 15:36 2017 Tuesday ,14 March
Zain Saudi Arabia to get first MBB project in rural areas
GMT 01:22 2017 Monday ,17 April
Iraqi state-run TV says IS second-in-command killed in airstrike
GMT 12:16 2017 Thursday ,23 February
Ex-yoga missionary unleashes rage
GMT 08:54 2016 Thursday ,14 April
GoPro shares jump with hire of Apple designerGMT 07:11 2012 Tuesday ,22 May
Cursing stone found in Scotland
GMT 11:30 2017 Saturday ,23 December
Iranian director facing jail for film attacking corruption
GMT 07:48 2017 Wednesday ,15 November
Maronite Patriarch supports Hariri’s reasons for resigning
GMT 11:06 2017 Friday ,15 December
Winter cuts dent China's industrial output
GMT 02:05 2016 Thursday ,08 December
Dollar exchange rate unchanged at 4 major banksGMT 16:11 2011 Thursday ,15 September
Areva suspends some uranium production
GMT 13:18 2015 Tuesday ,15 September
Sierra Leone quarantines 700 after new Ebola death
GMT 15:18 2017 Saturday ,29 April
Egyptian MP calls for foucsing on peoples' problems
GMT 08:01 2015 Tuesday ,11 August
Egypt offers condolences on martyrdom of Emirati servicemen
GMT 20:13 2017 Friday ,10 March
Saudi pavilion opens at Berlin tourism expoGMT 07:32 2011 Monday ,10 October
Okazaki likely to be fit to face Tajikistan
GMT 13:46 2018 Thursday ,15 November
Vladimir Putin plans to discuss New START, INF Treaty with Donald Trump
GMT 14:54 2018 Thursday ,25 October
Soyuz carrier rocket with spacecraft launched from Plesetsk spaceportGMT 17:20 2012 Sunday ,14 October
BP invests 7 mln USD in Mozambique Nacala fuel terminal
GMT 15:10 2013 Friday ,08 November
Protesters briefly stop NATO supplies in Pakistan
GMT 16:27 2018 Wednesday ,17 October
Jada Pinkett Smith skydives in Dubai
GMT 08:46 2018 Tuesday ,16 October
Prince Harry and Meghan start Aussie tour with baby gifts
GMT 07:05 2016 Sunday ,24 April
CPC senior official attends International Conference of Asian Political Parties
GMT 23:19 2018 Friday ,12 October
Erdogan says Kurdish militia still in Syria’s Manbij
GMT 14:55 2013 Wednesday ,24 July
Sellal visits farming business in Tindouf
GMT 19:57 2016 Wednesday ,20 July
France's National Assembly to Extend State of Emergency for 6 MonthsGMT 16:20 2012 Tuesday ,07 February
Commercial traffic resumes on Iraq\'s Shatt al-Arab
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor