Asian stocks extended a global selloff and the yen rose on Tuesday as investors fled for safety as an escalating trade spat between the United States and China and a renewed slump in tech shares such as Amazon.com sapped investor confidence.
MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.28 percent pressured by the tech sector.
Japan’s Nikkei slipped 1.1 percent while South Korea’s KOSPI index skidded about 1 percent with Samsung Electronics down more than 1 percent. Australian shares were off 0.3 percent.
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