Tokyo — Asian shares fell on Tuesday after investors took profits in high-flying US technology shares on the fear of stiffer regulation as Facebook came under fire following reports it allowed improper access to user data. The retreat came as investors braced for new Federal Reserve chairman Jerome Powell’s first policy meeting starting later in the day and amid concern that US President Donald Trump could impose additional protectionist trade measures. "US tech indices, including Nasdaq and Philadelphia semiconductor index, all hit record highs last week. So they were prone to profit-taking," said Mutsumi Kagawa, chief strategist at Rakuten Securities. "Shares will be capped by various uncertainties for now. Once those uncertainties are cleared, investors will shift their focus back to relatively attractive valuations," he said. MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.4%. Japan’s Nikkei fell 1.0%. On Wall Street the S&P 500 lost 1.42% and the Nasdaq Com...
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