Tech leads Asia stock selloff; yen, dollar gains in volatile week for mkts

Tech shares led a selloff in stock markets around Asia, while the yen and US bonds rebounded, as global investors struggled to find their footing in a wild week for markets.

Japan’s Nikkei share average was last down 1%, having earlier slumped as much as 2.5%, with chip-sector shares the biggest drag on the index. That left the Nikkei down more than 3% for the week, following Monday’s 12.4% plunge, despite the ensuing two-day rebound.