![]() ![]() Applied Materials shed 4.1% while Lam Research Corp. Chip equipment maker Naura Technology sank 10% and Hwatsing Technology dropped 9.6%. In China, technology shares were hit by renewed selling after steep losses on Monday. The restrictions aim to limit China's ability to get advanced computing chips, develop and maintain supercomputers, and make advanced semiconductors. Pent-up travel spending could help lift the world's third largest economy as it grapples with slowing global growth and inflation.īut technology stocks have taken a hit from the announcement of tighter export controls on semiconductors and chip manufacturing equipment. In a bit of encouraging news, Japan reopened to generally unrestricted tourism on Tuesday after more than two years of COVID-19 restrictions. "Japan and South Korean markets are catching up to previous global market losses, with their exposure to the tech sector spurring a greater extent of the sell-off as mirrored in Wall Street," said Yeap Jun Rong, a market strategist at IG in Singapore. The Shanghai Composite gained 0.4% to 2,986.11, while Australia's S&P/ASX 200 edged 0.1% higher to 6,671.90. Hong Kong's Hang Seng dropped 1.4% to 16,984.41. ![]() Both markets also were reopening after holidays on Monday. Japan's Nikkei 225 declined 2.5% in morning trading to 26,439.97. TMSC, the world's biggest chipmaker, plunged 7.8%. imposed new limits on exports of semiconductors and chip-making equipment to China. ![]() Taiwan dropped 4% after reopening from a holiday in the first trading session since the U.S. TOKYO - Asian shares were mostly lower on Tuesday as losses in technology-related shares weighed on global benchmarks.
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