TOKYO -- Asian equity markets ended lower Friday, as technology shares closed out the week with a whimper.
In Tokyo, the
closed down 276.2 points, or 1.9%, at 14,582.2, as tech bellwether
suffered heavy losses after posting disappointing earnings. The
index, which includes all shares listed on the
Tokyo Stock Exchange
, made tiny gains, creeping 0.8 higher to 1408.0.
Sony tanked 780 yen, or 7.5%, to 9,570 ($88.31), as second-quarter profits evaporated as the company shelled out heaps to launch its PlayStation 2 video game console.
rose 125 yen, or 5.9%, to 2,240 and
fell 77 yen, or 3.8%, to 1,973.
Telecom shares had a good end to the week, as
Nippon Telegraph & Telephone
rose 40,000 yen, or 4%, to 1.05 million and wireless operator
closed up 90,000 yen, or 3.1%, at 2.86 million.
The dollar traded at 108.37 yen, up from 108.24 yen Thursday.
index fell 136.7, or 2.3%, to 5805.2, as chipmaking giant
fell 3.3%. South Korea's
index slid 8.3, or 1.6%, to 515.3.
index dipped 93.8, or 0.6%, to 14,902.5, as
Pacific Century CyberWorks
fell 0.8% to HK$6.00 ($0.76) and
rose HK$0.50, or 1%, to 52.75.