Business & Finance
Asia Stocks Set for Choppy Open on Tech Volatility: Markets Wrap
Key Points
Asia Stocks Set for Choppy Open on Tech Volatility: Markets Wrap Stocks in Asia were set for a mixed open Friday after a volatile Wall Street session, where renewed selling in megacap technology shares offset gains fueled by resilient US economic data. Equity futures for Japan, Hong Kong and South Korea pointed lower, while Australia was set to gain. US futures were little changed after Wall Street erased an early rally fueled by Micron Technology Inc.’s bullish sales forecast.
Asia Stocks Set for Choppy Open on Tech Volatility: Markets Wrap
Stocks in Asia were set for a mixed open Friday after a volatile Wall Street session, where renewed selling in megacap technology shares offset gains fueled by resilient US economic data.
Equity futures for Japan, Hong Kong and South Korea pointed lower, while Australia was set to gain. US futures were little changed after Wall Street erased an early rally fueled by Micron Technology Inc.’s bullish sales forecast. Apple Inc. slid 6.1% after raising prices on Macs, iPads and home devices, unwinding some of the enthusiasm over strong chipmaker forecasts. The Nasdaq 100 Index rose 0.8%, having climbed as much as 2.1% earlier.