DEBORAH MARCHINI, CNN ANCHOR: Well, Nortel's sales figures spooked investors overseas. Tokyo stocks closed back below 15000. Dalton Tanonaka sums up the day in Asia from Hong Kong . Hi, Dalton.</s>DALTON TANONAKA, CNN CORRESPONDENT: Good morning, Deborah. Again, a tech sell-off on Wall Street spreading to Asian markets. Japanese optical fiber makers tumbled after the Nortel announcement of its disappointing third-quarter sales. That and earnings jitters pushed the Nikkei average down two percent. After the Tokyo market closed, Japan's biggest computer maker, Fujitsu, posted better-than-expected first-half profits. Its stock price had fallen one percent ahead of that report. Consumer electronics giant Sanyo Electric tumbled 10 percent, after the company's president said late Tuesday he's resigning over a scandal involving defective solar power generators. In Hong Kong, the benchmark Hang Seng rose one percent on telecom strength. And South Korea's Kospi edged up a half a percent in dull trade. In corporate news there, the country's ailing car-maker Daewoo Motor let go 30 percent of its staff this month as part of restructuring efforts designed to keep the bankrupt automaker rolling, Daewoo has been looking for a buyer ever said Ford Motor last month put up a red light to takeover plans. General Motors and Fiat are currently conducting due diligence on that company. And Deborah, that is the business day here in Asia.</s>MARCHINI: All right, thanks a lot, Dalton.
Tech Sell-Off on Wall Street Spreads to Asian Markets