Most Asian stocks today fell dragged by the technology sector except China's Shanghai Composite index which rose marginally by 0.2 per cent. Investors remained concerned as signs of a firming U.S. economy stoked worries about higher inflation and an earlier withdrawal of Federal Reserve stimulus. The U.S. Treasury yields remained elevated after jumping overnight, while the dollar also held its biggest gain since April, after better-than-expected US employment data.
Japan's Nikkei-225 and Singapore's Straits Times, both fell 0.4 per cent. Hong Kong's Hang Seng and South Korea's KOSPI, both slipped 0.2 per cent.
European shares were trading almost flat in intra day trade. London's FTSC-100 slipped 0.1 per cent while France's CAC and Germany's DAX, both were trading flat.
Most Asian stocks fall dragged by technology sector except China's Shanghai Composite index