Asian stocks drop as chip sell-off extends

MSCI’s Asia-Pacific equities benchmark slipped over 1% Asian stocks dropped on Wednesday as a sell-off in semiconductor shares extended, while higher bond yields and rising oil prices weighed on sentiment. MSCI’s Asia-Pacific equities benchmark slipped over 1%, with shares in South Korea plummeting nearly 6%. Technology shares were weaker with chip bellwethers Samsung Electronics Co […] The post…