AI, Nikkei 225, Hang Seng Index, CSI 300
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Asia-Pacific markets are set to open higher on Wednesday, following Wall Street’s decline as concerns over AI valuations continue to weigh on technology stocks.
Japan’s reference point Nikkei 225 The index was poised to rise, with the futures contract in Chicago trading at 48,885 and the futures contract in Osaka trading at 48,900, against the index’s Tuesday close of 48,702.98.
Australia’s ASX/S&P 200 rose 0.13% in early trading.
Hong Kong futures Hang Seng Index It also pointed to a higher open, trading at 26,033 compared to the index’s previous close of 25,930.03.
U.S. stock futures were little changed in early Asian trading after major indexes fell outside the U.S. on Tuesday.
The Dow Jones Industrial Average fell 498.50 points, or 1.07%, to 46,091.74 overnight. S&P 500 index lost 0.83% and finished the day at 6,617.32 points. It was the broad-based index’s fourth straight losing session and its longest decline since August. The Nasdaq Composite index closed at 22,432.85 points, down 1.21 percent.
In this session, the Dow Jones Industrial Average and S&P 500 experienced their fourth consecutive losing days, while the S&P 500 recorded its longest decline since August. The tech-heavy Nasdaq Composite recorded its fifth negative day in six sessions.
Bitcoin briefly dropped below $90,000, a sign that investors are less likely to take on risk.
— CNBC’s Sean Conlon and Pia Singh contributed to this report.
