DAVID HAFFENREFFER, CNN ANCHOR: Well, chip stocks in Asia took their cue from the Nasdaq's drop.</s>DEBORAH MARCHINI, CNN ANCHOR: And Japan fails to break out of its losing streak. Lorraine Hahn wraps up the day in Asian markets from Hong Kong. Hello, Lorraine.</s>LORRAINE HAHN, CNN CORRESPONDENT: Good morning to both of you. Technology shares led Tokyo and Taiwan markets lower Wednesday after a drop in the Nasdaq. Japan's largest chip maker NEC Corp. followed Intel's tumble overnight, falling more than 2 1/2 percent today. While Toshiba lost 1.6 percent. Fujitsu down 2.6 percent. Bridgestone again under pressure, off 1 1/2 percent today. And if you do your math, it has lost more than half of its value since that tire scandal exploded last month. Tokyo's benchmark index the Nikkei closes its trading day down a third of a percent. It is the seventh straight session of losses, and it's still suffering from more cross-winding of shares. Here in Hong Kong, stocks barely moved today. Internet play Pacific Century CyberWorks off three percent, on fears that Cable & Wireless is poised to sell PCCW shares it acquired when CyberWorks took over Cable & Wireless HKT. And banking giant HSBC still firm, up 0.8 percent. Finally, Taiwan's market continued to head south, down 2 1/4 percent Wednesday, as electronics fell sharply. Brokers, though, expect the index to consolidate in coming sessions with fundamentals they say still strong. That's a quick check from Asia. Back to both of you in New York.</s>MARCHINI: All right, thank you so much.
Tech Shares Lead Tokyo and Taiwan Markets Lower