Asia-Pacific markets slid on Friday, tracking losses on Wall Street, as technology stocks continued to come under pressure and Fed rate-cut doubts swirled, reports CNBC.
Japan's benchmark Nikkei 225 index lost 1.77 per cent to close at 50,376.53, while the Topix slid 0.65 per cent to end the trading day at 3,359.81.
Japanese giant SoftBank plunged nearly 9 per cent in early trading, marking its third consecutive day of decline after it said Tuesday it had sold its entire stake in Nvidia. Shares of the conglomerate closed 6.57 per cent lower.
South Korea's Kospi fell 3.81 per cent to 4,011.57, and the small-cap Kosdaq was 2.23 per cent lower at 897.9. Index heavyweight Samsung Electronics slipped more than 3 per cent, while SK Hynix, which supplies memory chips to Nvidia, fell 5 per cent.
Australia's S&P/ASX 200 lost 1.36 per cent to 8,634.5.
Hong Kong's Hang Seng Index lost 1.79 per cent, while mainland's CSI 300 dipped 1.57 per cent to 4,628.14 after government data Friday showed China's slowdown worsened in October, dragged by soft consumer demand and a deepening property downturn.
Fixed-asset investment, which includes real estate, contracted 1.7 per cent for the first ten months of the year, steepening from a 0.5 per cent decline in the January-to-September period. Industrial output expanded 4.9 per cent year on year in October, missing expectations for a 5.5 per cent jump and slowing down from a 6.5 per cent rise in the prior month.
Retail sales climbed 2.9 per cent in October from a year earlier, topping expectations for a 2.8 per cent growth in a Reuters poll, but softening from a 3 per cent year-on-year rise in September.
The Chinese onshore yuan rose to a one-year high of 7.0908 against the dollar, data from LSEG showed.
