Asia’s stock markets fell sharply on Monday, with key indexes in the region losing more than 2% amid a tech sell-off.
The Nikkei 225 index in Japan plunged 2.8 percent, with SoftBank Group shares down more than 4%. The Topix index was 2.17 percent lower.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded close to 2% lower.
South Korea’s Kospi index fell 2.75%, led by tech shares like Samsung Electronics.
Hong Kong’s Hang Seng index also shed 2.46%, while China’s Shanghai Composite declined about 0.5%.
The losses came as U.S. Treasury yields rose in the morning of Asia trading hours.
This report’s information was first seen on Cnbc; to read more, click this link.