Asian Shares Fall as Facebook Data Flap Spooks Tech Stocks
Tuesday, 20 March 2018 08:23 WIB | MARKET UPDATE |Saham Asia Indeks MSCI Asia Pasifik

Asian shares fell on Tuesday as investors dumped high-flying U.S. technology shares on fears of stiffer regulation as Facebook came under fire following reports it allowed improper access to user data.

The retreat came as investors braced for new Federal Reserve Chairman Jerome Powell™s first policy meeting starting later in the day and amid concerns that U.S. President Donald Trump could impose additional protectionist trade measures.

MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.2 percent. Japan's Nikkei .N225 fell 1.0 percent.

On Wall Street the S&P 500 .SPX lost 1.42 percent and the Nasdaq Composite .IXIC 1.84 percent, both suffering their worst day in five weeks.

Source : Reuters

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