Business & Finance
Asian Stocks to Fall After US Chipmaker Selloff: Markets Wrap
Key Points
Asian Stocks to Fall After US Chipmaker Selloff: Markets Wrap Asian stocks were set to decline as a selloff in chipmakers weighed on sentiment ahead of a pivotal earnings season and US inflation data that could shape the Federal Reserve’s next move. Equity-index futures for Japan, Hong Kong and South Korea pointed lower, while those for Australia edged higher. US stock contracts were little changed after a gauge of chipmakers fell 2.7% and the Nasdaq 100 lost 0.7%.
Asian Stocks to Fall After US Chipmaker Selloff: Markets Wrap
Asian stocks were set to decline as a selloff in chipmakers weighed on sentiment ahead of a pivotal earnings season and US inflation data that could shape the Federal Reserve’s next move.
Equity-index futures for Japan, Hong Kong and South Korea pointed lower, while those for Australia edged higher. US stock contracts were little changed after a gauge of chipmakers fell 2.7% and the Nasdaq 100 lost 0.7%. Treasury futures fluctuated ahead of the resumption of cash trading following a US holiday. A Bloomberg gauge of dollar strength climbed to its highest since mid-May 2025.