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APR 11, 2014 - San Francisco Chronicle

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Tech sell-off sends Asian stock markets lower

SEOUL, South Korea (AP) — Asian stock markets were lower Friday as investors dumped technology stocks and a drop in U.S. jobless claims failed to boost investor confidence. The drop in the tech-laden Nasdaq index spooked technology investors in Asia as jitters spread that Internet and related stocks are over-valued. The Labor Department said Thursday that the number of people seeking U.S. unemployment benefits dropped to the lowest level in almost seven years, suggesting improvement in the U.S. labor market. Next week's first quarter economic growth data from China will be the key ... Read More

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