Asian shares pull back after US techs knocked off highs

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Asian stock markets sagged on Friday after US tech shares retreated from recent rallies, though optimism on US corporate earnings and the global economy underpinned overall sentiment.

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.4 percent in early trade, with Samsung Electric, Asia's largest company by market capitalization, dropping 2.0 percent.

Japan's Nikkei shed 0.3 percent.

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On Wall Street, the Dow industrials set a record closing high, helped by a 7.7 percent jump in Verizon, following the top US wireless carrier's quarterly earnings.

But investors were spooked by a sudden drop in technology and transportation shares. The S&P 500 technology sector fell 2.0 percent at one point before ending the day down 0.8 percent.

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