Stock market today: Asian shares are mixed as investors weigh weakness in the tech sector

Stock market today: Asian shares are mixed as investors weigh weakness in the tech sector

SeattlePI.com

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Shares are mixed in Asia after the rally on Wall Street fizzled with big declines for Tesla, Netflix and other big tech-oriented stocks. Hong Kong, Shanghai and Seoul advanced while Tokyo and Sydney declined. U.S. futures edged higher and oil prices also climbed. On Thursday, the S&P 500 fell 0.7% while the Nasdaq lost 2.1%, its biggest drop in more than four months. The Dow was an outlier, gaining 0.5%, because it includes fewer tech stocks. Tesla tumbled amid worries about how much cuts to prices will hurt its future profits. Netflix sank after a key measure of revenue declined.

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