Tech sector woes take toll on stocks

China's stock market fell sharply on Tuesday, dragged down by technology shares following a major decline of the tech sector in the US stock market.

Market pessimism persists amid trade tensions between China and the United States, which may impact on the performance of the tech industry, but analysts see the timing as a buying opportunity and expect an uptick in the coming year as confidence may be restored with more supportive measures taking effect.

The Shanghai Composite Index fell 2.13 percent to 2645.85 points on Tuesday, while the Shenzhen Component Index dropped by 2.83 percent after stock markets in the US closed lower, affected by investors' dampened confidence in the technology sector.