Activity on Elizabeth Street (at the intersection of Bourke St Mall), Melbourne on a cloudy day.
Charlie Rogers | Moment | Getty Images
Asia-Pacific markets opened weaker Friday, tracking losses on Wall Street as fears over the banking sector and trade tensions intensified.
Shares of regional banks and investment bank Jefferies tumbled Thursday stateside as fears mounted around some bad loans lurking in the U.S.
Shares of Taiwan Semiconductor Manufacturing Co. fell 2% Friday. The chip heavyweight posted third-quarter earnings beat after Taiwan’s market closed Thursday.
Japan’s Nikkei 225 lost 0.37%, while the broad-based Topix fell 0.3%.
South Korea’s markets bucked the trend, with the Kospi rising 0.96%. Meanwhile, the small-cap Kosdaq climbed 0.53%.
Australia’s S&P/ASX 200 was down 0.6%.
Hong Kong’s Hang Seng Index fell 0.22%, while the CSI 300 was marginally lower.
Singapore’s non-oil domestic exports posted a sharp rebound in September, jumping 6.9% from a year earlier, defying expectations of a 2.1% drop and reversing an 11.3% fall in August.
U.S. stock futures were slightly lower on Thursday night stateside after the previous session saw a sell-off fueled by concerns about regional banks’ loan practices.
Overnight in the U.S., the Dow Jones Industrial Average lost 301.07 points, or nearly 0.7%, to close at 45,952.24. Earlier in the day, the 30-stock index had gained 170 points.
The S&P 500 finished 0.6% lower at 6,629.07, giving up a 0.6% gain at the highs of the session. The Nasdaq Composite fell 0.5% to settle at 22,562.54.
— CNBC’s Liz Napolitano, Pia Singh and Alex Harring contributed to this report.