Tech shares sell in Asia after being slammed on Wall Street

In Japan, the shares of the Softbank conglomerate decreased by 4.83%, while those of Nintendo fell by 5.68%.

South Korean companies Samsung Electronics and SK Hynix also fell as a result of a Financial Times report that Chinese authorities have alleged "massive evidence" of antitrust violations by both chip makers and Micron Technology. The report also said China would deepen its investigation into the three companies, which are the world's largest memory chip manufacturers.

On Tuesday, Samsung shares fell 1.95%, while SK Hynix posted a loss of 3.30%.

In Hong Kong, Chinese tech giant Tencent shares fell by 3.30%. Electronics maker Xiaomi has weathered the trend: its share price jumped 8.38% after the company announced it had switched to net profit in the third quarter.

– Michael Sheetz of CNBC and Reuters contributed to this report.