Asian stocks today: Nikkei, Kospi fall over 1% amid tech stocks selloff

Asian equities fell sharply on 26 June as heavyweight semiconductor stocks gave back prior session gains, with the MSCI Asia Pacific gauge dropping 1.7 percent and South Korea's Kospi tumbling more than 3 percent. Indian markets remained shut for the Muharram holiday, but the selloff in global tech, led by a 6.1 percent plunge in Apple shares after price hikes on Macs and iPads, raises near-term caution for Indian IT names. US Nasdaq-100 futures indicated a weaker opening, while Brent crude edged lower and Fed rate hike expectations were scaled back after a softer US inflation print.