Asia stocks slump on tech rout contagion, global uncertainty

SINGAPORE - Asian shares are set to end the week on a sour note, as uncertainty across the geopolitical landscape and in major economies added to headwinds for investors even as the global rate easing cycle gets under way.

South Korean chipmaker SK Hynix was last 0.7% lower, though Japan's Tokyo Electron, a chipmaking equipment manufacturer, rebounded some 2.6%, after an 8.75% tumble on Thursday. "While more robust details are likely still forthcoming, we interpret the initial communique as the third plenum failing to deliver anything especially meaningful that would suggest changes to the longer-term direction for the Chinese economy," said Brendan McKenna, international economist at Wells Fargo.The euro was last 0.02% lower at $1.0893, having fallen 0.

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