DAVID HAFFENREFFER, CNN ANCHOR: Well, Intel's sales warnings grips tech stocks across the Asia Pacific.</s>DEBORAH MARCHINI, CNN ANCHOR: Michelle Han has the specifics of how much damage was done. She joins us live from our studios in Hong Kong -- Michelle.</s>MICHELLE HAN, CNN CORRESPONDENT: David, Deborah, well, good morning. And yes, you can blame it all on Intel; Asian markets plunged after the chip giant's profit warning. In Tokyo, the Nikkei average shed three percent to 15818, its lowest close in two months. Japanese chip makers took a beating: NEC and Fujitsu lost more than 7 1/2 percent; Toshiba down four percent. And the sell-off continues here in Hong Kong. The Hang Seng tumbled 3 2/3 percent. For the week, the index is down 10 percent; tech and telecoms, of course, being the big losers. Intel's shares trading in Hong Kong plunged 16 percent. But South Korea was the hardest hit, the Kospi skidded more than seven percent, dragged down by Samsung Electronics' 14 percent drop. South Korean markets have lost 12 percent this week. And that wraps up this business day here in Asia. Back to you.</s>HAFFENREFFER: Michelle, the Taiwan stock market's got a heavy weighting in the semiconductor area. How did they perform?</s>HAN: Well, badly. Taiwan was very battered by Intel's earnings warning. The chip-dependent market sank to an 18-month low, closing down 4 1/2 percent. The world foundry leader, Taiwan semiconductor manufacturing, or TFMC, went into a tailspin on the Intel news; it dropped seven percent. The number-two foundry, United Micro, also down seven percent. Analysts say that's because the U.S. is a main export market for Taiwan's electronics goods. Taiwan will feel the heat when U.S. tech heavyweights make those moves. So, no doubt, all eyes will be on the Nasdaq performance later today when you guys open.</s>MARCHINI: Thanks a lot, Michelle.
Intel Warning Grips Asian Markets