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Asia-Pacific markets were set to open higher Wednesday, after Wall Street declined as concerns about artificial intelligence valuations continued to pressure tech stocks.
Japan’s benchmark Nikkei 225 index was set to rise, with its futures contract in Chicago at 48,885, and its counterpart in Osaka last trading at 48,900, against the index’s Tuesday close of 48,702.98.
Australia’s ASX/S&P 200 rose 0.13% in early trading.
Futures for Hong Kong’s Hang Seng Index also pointed to a higher open, trading at 26,033, against the index’s previous close of 25,930.03.
U.S. equity futures were little changed in early Asian hours after the key indexes fell Tuesday stateside.
Overnight, the Dow Jones Industrial Average shed 498.50 points, or 1.07%, to settle at 46,091.74. The S&P 500 lost 0.83% to end the day at 6,617.32. It was the broad-based index’s fourth straight losing session, making for its longest slide since August. The Nasdaq Composite declined 1.21% to finish at 22,432.85.
The session saw the Dow Jones Industrial Average and S&P 500 notch their fourth consecutive losing days, with the S&P 500 notching its longest slide since August. The tech-heavy Nasdaq Composite recorded its fifth negative day in six sessions.
Bitcoin dropped briefly below $90,000, a sign of reduced risk-taking by investors.
— CNBC’s Sean Conlon and Pia Singh contributed to this report.
