Stock market today: Asian shares sink, weighed down by Wall St tech retreat, China policy questions

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China,European Central Bank,Communist Party

Asian shares retreated Friday after a broad washout across Wall Street dragged U.S. stocks lower, and Hong Kong’s benchmark dipped more than 2% as investors ...

Asian shares retreated Friday after a broad washout across Wall Street dragged U.S. stocks lower, and Hong Kong’s benchmark dipped more than 2% as investors remained wary over China’s plans for helping its ailing property sector.providing some details of the sweeping blueprint it endorsed for making China a leader in technology, building its financial markets and raising living standards.

In Taiwan, the Taiex fell 2.3%, as computer chip-maker Taiwan Semiconductor Manufacturing Co.'s shares sank 3.5%, extending losses triggered by a report that Washington might double-down on restrictions on sales to China of semiconductors and equipment used to make and test them. The rout in the tech sector this week has dragged markets in the U.S. and Asia lower after a bout of strong gains.On Wall Street, the S&P 500 dropped 0.8% to 5,544.59. The Dow Jones Industrial Average dropped 1.3% to 40,665.02, and the Nasdaq sank 0.7% to 17,871.22.Earlier this year, a climb for Nvidia and some of the other handful of stocks that came to be knownThe majority of stocks within the S&P 500 fell, with Domino’s Pizza logging the sharpest loss, dropping 13.

Investors can expect a huge reveal on Nvidia's upcoming earnings call that could silence AI critics, Goldman Sachs says

 

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