Asia-Pacific markets set to open higher after Wall Street extends tech-led sell-off

3 weeks ago 14

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Asia-Pacific markets were acceptable to unfastened higher Wednesday, aft Wall Street declined arsenic concerns astir artificial quality valuations continued to unit tech stocks.

Japan's benchmark Nikkei 225 scale was acceptable to rise, with its futures declaration successful Chicago astatine 48,885, and its counterpart successful Osaka past trading astatine 48,900, against the index's Tuesday adjacent of 48,702.98.

Australia's ASX/S&P 200 roseate 0.13% successful aboriginal trading.

Futures for Hong Kong's Hang Seng Index besides pointed to a higher open, trading astatine 26,033, against the index's erstwhile adjacent of 25,930.03.

U.S. equity futures were small changed successful aboriginal Asian hours aft the cardinal indexes fell Tuesday stateside.

Overnight, the Dow Jones Industrial Average shed 498.50 points, oregon 1.07%, to settee astatine 46,091.74. The S&P 500 lost 0.83% to extremity the time astatine 6,617.32. It was the broad-based index's 4th consecutive losing session, making for its longest descent since August. The Nasdaq Composite declined 1.21% to decorativeness astatine 22,432.85.

The league saw the Dow Jones Industrial Average and S&P 500 notch their 4th consecutive losing days, with the S&P 500 notching its longest descent since August. The tech-heavy Nasdaq Composite recorded its 5th antagonistic time successful six sessions. 

Bitcoin dropped concisely beneath $90,000, a motion of reduced risk-taking by investors.

— CNBC's Sean Conlon and Pia Singh contributed to this report.

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