TOKYO -- Asian equity markets closed broadly lower Wednesday, as the region's technology shares got pounded after
lackluster earnings Tuesday.
In Tokyo, the
tanked 467.7, or 3.1%, to close at 14,872.5, ending under 15,000 for the first time in more than a year and a half. The
index, which includes all shares listed on the
Tokyo Stock Exchange
, fell 30.9, or 2.2% to finish the day at 1407.3.
weak close also conspired with the limp IBM results to force Japanese tech shares sharply lower. Chipmaker
dropped 95 yen, or 4.2%, to 2,150 ($19.89),
dropped 120 yen, or 5.4%, to 2,100 and
closed down 400 yen, or 4%, at 9,610.
Things got ugly in other sectors too, as
fell 260 yen, or 6%, to 4,080 and
Nippon Telegraph & Telephone
fell 50,000 yen, or 4.6%, to 1.05 million.
The dollar was trading at 108.05 yen from 108.15 yen Tuesday.
index closed off 270.1, or 4.7%, at 5432.2, as chipmakers including
, which dropped nearly 7%, got mauled. Hong Kong's
index fell 414.9, or 2.8%, to 14,458.5.
South Korea was the only exception to the bloodletting Tuesday, as the
index crept 1.3 higher, or 0.3%, to 514.2, after getting hammered Tuesday.