Asia-Pacific markets set to slip as Wall Street sinks on tech losses and AI jitters

2 hours ago 4

Low space presumption of gangly buildings successful Tokyo, Japan, showcasing divers architectural styles

George Pachantouris | Moment | Getty Images

Asia-Pacific markets were poised to autumn Tuesday, pursuing a tech-led descent connected Wall Street.

Japan's benchmark Nikkei 225 was acceptable to unfastened lower, with the futures declaration successful Chicago astatine 49,925 and the 1 successful Osaka astatine 49,810 against the index's past adjacent of 50,323.91.

Futures for Hong Kong's Hang Seng index stood astatine 26,178, little than its past adjacent of 26,384.28.

Australia's benchmark S&P/ASX 200 fell 0.76%.

Overnight successful the U.S., stocks pulled back, plagued erstwhile again by declines successful tech, arsenic Wall Street awaited cardinal releases this week, including Nvidia earnings and the September jobs report.

The Dow Jones Industrial Average lost 557.24 points, oregon 1.18%, to adjacent astatine 46,590.24, arsenic losses successful the artificial quality spot darling, on with Salesforce and Apple, pushed the blue-chip scale lower. The S&P 500 sank 0.92% to extremity the time astatine 6,672.41, portion the Nasdaq Composite tumbled 0.84% to settee astatine 22,708.07.

Nvidia dropped astir 2% up of the company's third-quarter results, which are scheduled for aft the doorbell connected Wednesday. The chipmaker and different names successful the AI commercialized were under pressure recently arsenic investors grew anxious about stretched valuationsBlue Owl Capital, a backstage recognition lender, shed astir 6% amid concerns astir its dense lending tied to the AI information halfway buildout.

— CNBC's Sean Conlon and Fred Imbert contributed to this report.

Read Entire Article