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Asian Stocks Under Pressure After US Tech Selloff: Markets Wrap
Key Points
Asian Stocks Under Pressure After US Tech Selloff: Markets Wrap Asian stocks were set for broad declines Tuesday after a tech-led selloff on Wall Street outweighed a drop in oil, as traders weighed Treasury Secretary Scott Bessent’s plan to isolate Iran from the global economy. Equity-index futures for Japan and South Korea pointed lower, while those for Australia saw a slight gain. US contracts were little changed after semiconductor giants dragged the Nasdaq 100 Index down nearly 1%.
Asian Stocks Under Pressure After US Tech Selloff: Markets Wrap
Asian stocks were set for broad declines Tuesday after a tech-led selloff on Wall Street outweighed a drop in oil, as traders weighed Treasury Secretary Scott Bessent’s plan to isolate Iran from the global economy.
Equity-index futures for Japan and South Korea pointed lower, while those for Australia saw a slight gain. US contracts were little changed after semiconductor giants dragged the Nasdaq 100 Index down nearly 1%. Nvidia Corp. fell for a seventh straight session ahead of its earnings this week, its longest losing streak since 2022.