TOKYO, Sept 19 — Asian shares sank today, as worries about the Chinese property sector weighed on markets from Hong Kong to Australia, while Japanese investors sold chip stocks...
TOKYO, Sept 19 — Asian shares sank today, as worries about the Chinese property sector weighed on markets from Hong Kong to Australia, while Japanese investors sold chip stocks on their return from a holiday-extended weekend.
Japanese markets were closed yesterday, when Asian tech stocks sold off following a Reuters report that TSMC had asked its major vendors to delay deliveries.“The one thing you were almost certain of was that demand for semiconductors was only one way,” he said. Property services provider Country Garden Services Holdings 6098.HK, though, was among the worst performers on the Hang Seng, dropping about 2 per cent.Australia’s stock benchmark dropped 0.4 per cent, sagging under the weight of mining stocks amid pessimism over Chinese demand.Currency markets were also subdued, with the US dollar index — which measures the currency against six major peers — rising 0.06 per cent to 105.14, edging back toward last week’s six-month peak of 105.43.
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