SINGAPORE - Asia's stock markets slipped on Friday , following the steepest Wall Street selloff since June, while safer bonds and the dollar found support as investors sought shelter.
After-hours trade in US tech companies pointed to further pressure and futures dropped, with S&P 500 futures down 0.4 per cent early in Asia and Nasdaq 100 futures down 1.2 per cent. The tumble was the biggest one-day percentage drop on the tech-focused Nasdaq 100 since March, while the broader Nasdaq, S&P 500 and Dow Jones indexes fell by their most since June and the darling stocks of recent months were hit hardest.Still, the plunge only wound the Nasdaq's level back as far as where it sat last Tuesday. It is still up 28 per cent for the year so far and 73 per cent higher than its March trough.