Asia-Pacific markets set to open lower, tracking Wall Street losses as AI stocks extend slump

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View of the cardinal concern territory skyline astatine sunset successful Beijing, China.

Sheng Peng | Visual China Group | Getty Images

Asia-Pacific markets were acceptable to unfastened little Friday, tracking Wall Street declines connected persistent concerns implicit lofty valuations successful artificial quality stocks.

Shares of large AI companies fell Thursday stateside, weighing down connected the broader U.S. market. The biggest declines were from Nvidia, Microsoft, Palantir Technologies, Broadcom and Advanced Micro Devices.

Investors successful Asia are watching for China's October commercialized data, owed aboriginal successful the day. Economists polled by Reuters expect exports to person slowed to 3% twelvemonth connected year, down from an 8.3% surge successful September, portion imports are forecast to autumn to 3.2% from 7.4%.

That comes arsenic home request continues to measurement connected the backmost of a prolonged lodging slump, rising occupation insecurity, and the tapering of consumption-focused stimulus measures.

Japan's benchmark Nikkei 225 scale was acceptable for a little open, with its futures declaration successful Chicago trading astatine 50,300, and its counterpart successful Osaka astatine 50,200, against the index's Thursday adjacent of 50,883.68.

Australia's S&P/ASX 200 fell 0.27%.

Futures for Hong Kong's Hang Seng Index pointed to a little open, trading astatine 26,436, against the index's erstwhile adjacent of 26,485.9.

U.S. futures edged higher successful aboriginal Asian hours aft Thursday's tech sell-off.

Overnight, the Dow Jones Industrial Average slid 398.70 points, oregon 0.84%, to adjacent astatine 46,912.30. The S&P 500 traded down by 1.12%, to settee astatine 6,720.32, portion the Nasdaq Composite tumbled 1.9% to extremity astatine 23,053.99.

— CNBC's Sean Conlon and Sarah Min contributed to this report.

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