By PAMELA SAMPSON Posted 10:55 PM ET
BANGKOK (AP) — Asian markets dropped early Monday amid fears of a spreading European debt crisis after a ratings agency placed Italian banks on a review for a possible downgrade.
Japan's Nikkei 225 fell 0.9 percent to 9,595.18. South Korea's Kospi lost 0.9 percent to 2,072.87, and Hong Kong's Hang Seng slipped 0.6 percent to 22,041.21.
Technology shares were among those facing the biggest slumps. South Korea's Hynix Semiconductor, one of the world's leading computer chip makers, was 3.9 percent down. Japanese chipmaker Elpida Memory slipped 2.1 percent, and Taiwan Semiconductor Manufacturing lost 1.4 percent.
Benchmarks in Australia, Singapore, Indonesia and Taiwan were also lower. Mainland Chinese shares were higher.
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