Low angle view of tall buildings in Tokyo, Japan, showcasing diverse architectural styles
George Pachantouris | Moment | Getty Images
Asia-Pacific markets looked set to fall Wednesday, tracking Wall Street losses after a sell-off in U.S. technology stocks weighed on sentiment.
Japan’s Nikkei 225 futures pointed to a weaker open, with the contract in Chicago and Osaka at 54,005 compared with the previous close of 54,720.66.
Hong Kong Hang Seng index futures were at 26,590, lower than the benchmark’s last close of 26,834.77.
Australia’s S&P/ASX 200 declined 0.22% in early trade.
Overnight in the U.S., the S&P 500 pulled back as investors dumped technology stocks and moved into shares more broadly linked to improvements in the economy.
The broad market index fell 0.84% and closed at 6,917.81. The Dow Jones Industrial Average dipped 166.67 points, or 0.34%, to end at 49,240.99. Earlier, the 30-stock index rose as much as 0.5% to touch 49,653.13, a new record. The Nasdaq Composite shed 1.43%, settling at 23,255.19.
Most tech shares were in the red, including most of the “Magnificent Seven” names that have reported earnings so far — Microsoft and Meta Platforms were both down more than 2%, while Apple was marginally lower. Nvidia also slumped, with the artificial intelligence bellwether’s nearly 3% drop adding to its losses for the year. Meanwhile, software stocks continued their 2026 tumble, with shares of ServiceNow and Salesforce falling by nearly 7% each.
— CNBC’s Sean Conlon and Pia Singh contributed to this report.
