Asian Tech Stocks Smoked Amid Fresh Escalations In Simmering Trump-China Feud

Needless to say, allegations of high-stakes hacking and a bevy of absurd accusations from Mike Pence served to materially dent sentiment in Asian technology shares on Friday. Bloomberg's blockbuster "tiny spy chip" exposé and Pence's contention that China is meddling in U.S. elections exacerbated tensions between Washington and Beijing at the worst possible time. “There can be no doubt [that] China is meddling in America’s democracy", Pence said, during a speech at the Hudson Institut