Asia markets mostly fall, tracking Wall Street losses after a tech-led pullback
Low angle view of tall buildings displaying various architectural styles in Tokyo, Japan
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Asia-Pacific markets were mostly lower on Wednesday, following Wall Street’s losses as a sell-off in US technology stocks weighed on sentiment.
of japan Nikkei 225 It lost 1.2% while Topix fell 0.39%. of Australia S&P/ASX 200 It fell by 0.22 percent.
South Korean Kospi gained 0.4%, while small-cap Kosdaq gained 1.01%.
Nintendo’s shares fell 8% despite maintaining its full-year sales forecast for its Switch 2 console as investors weighed a variety of potential downsides for the gaming giant, including whether the company would be hit by an unprecedented increase in the price of memory, a key component in its consoles.
Hong Kong Hang Seng index Futures settled at 26,590, below the benchmark’s last close of 26,834.77.
overnight in the USA, S&P 500 It retreated as investors abandoned technology stocks and moved into stocks more broadly linked to improvements in the economy.
The broad market index closed at 6,917.81, down 0.84 percent. Dow Jones Industrial Average It ended at 49,240.99, down 166.67 points or 0.34%. Earlier, the 30-share index rose as much as 0.5% to 49,653.13, a new record. Nasdaq Composite It settled at 23,255.19, down 1.43%.
Most tech stocks are in the red, including most of the “Magnificent Seven” names that have reported earnings so far. Microsoft And Meta Platforms While both are down more than 2%, Apple was marginally lower. Nvidia The decline also came as the artificial intelligence pioneer fell nearly 3%, extending its losses this year. Meanwhile, software stocks continued their slide into 2026. ServiceNow And sales force each falling by about 7%.
— CNBC’s Arjun Kharpal, Sean Conlon and Pia Singh contributed to this report.
