Nikkei set to open over 3% lower after Wall Street plummets on weak U.S. data

Asia-Pacific markets are acceptable to autumn connected Wednesday, tracking losses connected Wall Street aft and tech stocks sold off and anemic U.S. economical information sparked recession fears.

Chipmaker Nvidia mislaid implicit 9% successful regular trading, dragging different counterparts on with it, specified arsenic Intel, AMD and Marvell.

The VanEck Semiconductor ETF (SMH), an scale that tracks semiconductor stocks, was down 7.5%, its worst time since March 2020.

Separately, the ISM manufacturing scale for August came successful astatine 47.2% for the month, up 0.4 percent points from July, but beneath the 47.9% expected from Dow Jones. The gauge measures the percent of companies reporting expansion, truthful thing beneath 50% represents contraction.

In Asia, investors volition beryllium watching for immoderate spillover from Nvidia's merchantability off, particularly among Nvidia's suppliers specified arsenic Taiwan Semiconductor Manufacturing Company, SK Hynix and Samsung Electronics.

Japan's Nikkei 225 futures pointed to a weaker unfastened for the market, with the futures declaration successful Chicago astatine 37,645 and its counterpart successful Osaka astatine 37,640 compared to the erstwhile adjacent of 38,686.31. At this level, the Nikkei is acceptable to spot a 3.4% driblet connected its open.

Futures for Australia's S&P/ASX 200 stood astatine 7,971, extending losses from its past adjacent of 8,103.

Hong Kong's Hang Seng index futures were astatine 17,487, little than the HSI's past adjacent of 17,651.49.

In the U.S., each 3 large indexes recorded their worst days since the Aug. 5 planetary sell-off. The Dow Jones Industrial Average fell 1.51% and the S&P 500 down 2.12%. The Nasdaq Composite saw the largest loss, tumbling 3.26%.

—CNBC's Fred Imbert and Alex Harring contributed to this report.