TOKYO -- Most Asian equity markets closed lower Thursday, as the
5.6% slide Wednesday put pressure on the region's technology issues.
Tokyo was the one exception to the downtrend, as the
closed up a paltry 18.0 points, or 0.1%, at 14,858.4 and the
index, which includes all shares listed on the
Tokyo Stock Exchange
, crept 0.8 higher to 1408.0.
both tanked, as solid first-half earnings reports failed to inspire investors. NEC lost 120 yen, or 5.4%, to 2,115 ($19.54) and Fujitsu fell 200 yen, or 8.9%, to 2,050.
, which released disappointing earnings after the market's close, ended down 60 yen, or 0.6%, at 10,350.
Telcos and banks helped offset some of the tech damage, however, as
Nippon Telegraph & Telephone
rose 10,000 yen, or 1%, to 1.01 million and
closed up 21 yen, or 3.8%, at 575.
The dollar traded at 108.24 yen, up from 107.91 yen Wednesday.
The Nasdaq's drop weighed more heavily on indices throughout the rest of the region Thursday, as South Korea's
index slid 18.7, or 3.4%, to close at 523.7; Taiwan's
index fell 81.9, or 1.4%, to finish at 5941.9; and Hong Kong's
index dipped 64.9, or 0.4%, to end the day at 14,996.2.