Business & Finance
Asian Stocks to Fall a Second Day on Tech Worries: Markets Wrap
Key Points
Asian Stocks to Fall a Second Day on Tech Worries: Markets Wrap Stocks in Asia were set to decline for a second session as investors continued to rotate out of technology shares on concerns that the artificial intelligence-fueled rally has run ahead of itself. Equity-index futures for Japan and South Korea declined, while contracts for Hong Kong were little changed. Contracts for US stocks were little changed after the tech-heavy Nasdaq 100 Index slid 1.6% on Thursday.
Asian Stocks to Fall a Second Day on Tech Worries: Markets Wrap
Stocks in Asia were set to decline for a second session as investors continued to rotate out of technology shares on concerns that the artificial intelligence-fueled rally has run ahead of itself.
Equity-index futures for Japan and South Korea declined, while contracts for Hong Kong were little changed. Contracts for US stocks were little changed after the tech-heavy Nasdaq 100 Index slid 1.6% on Thursday. The Philadelphia Semiconductor Index tumbled 5.4%, extending a weak start to the quarter. Cash trading in Treasuries during Asian hours is closed due to a holiday in the US.