Asia marketplaces mixed just after Wall Street sees tech market-off

Asia marketplaces mixed just after Wall Street sees tech market-off


With the Melbourne skyline in the qualifications, a ship sets sail out of the Port of Melbourne on September 14, 2021.

William West | Afp | Getty Images

Asia-Pacific markets are mixed soon after Wall Avenue saw a tech provide-off Monday, with Tesla tumbling 6% immediately after Goldman Sachs downgraded the electric powered vehicle maker, citing pricing headwinds.

Other tech names like Nvidia, Alphabet and Meta Platforms also lost extra than 3% each and every.

In Australia, the S&P/ASX 200 opened .28% up as buyers await inflation figures for May well on Wednesday, which will give a clue to the Reserve Lender of Australia’s fee moves in August.

In Japan, the Nikkei 225 extended its losses soon after three straight days of declines, slipping .25%, with the Topix looking at a more compact reduction of .06%.

South Korea’s Kospi and Kosdaq also was in the purple, dropping 0.46% and .53% respectively in early trade.

Hong Kong’s Cling Seng index seem established to snap its 5 working day getting rid of streak, with futures at 18,894 in comparison to the HSI’s shut of 18,794.13.

Overnight in the U.S., all a few big indexes fell, with the tech large Nasdaq Composite primary losses and shedding 1.16%, the S&P 500 lost .45%, and the Dow Jones Industrial Average dipped marginally.

— CNBC’s Samantha Subin and Jesse Pound contributed to this report



Supply

Japan PM vows to act against speculative market moves after yen spike
World

Japan PM vows to act against speculative market moves after yen spike

Japanese Prime Minister Sanae Takaichi said on Sunday her government will take necessary steps against speculative market moves, in the wake of a yen spike that heightened traders’ alert over the chance of currency intervention. Japanese government bonds and the yen have sold off in recent weeks on concern Takaichi’s expansionary fiscal policy and the […]

Read More
U.S. to inject .6 billion into rare earths miner for 10% stake, FT reports
World

U.S. to inject $1.6 billion into rare earths miner for 10% stake, FT reports

Alex Jech walks past equipment that will become part of the production line at USA Rare Earth’s facility in Stillwater, Oklahoma on June 20, 2025. Nick Oxford | The Washington Post | Getty Images The United States is planning to inject $1.6 billion into Oklahoma-based miner USA Rare Earth and will receive a 10% stake […]

Read More
Trump threatens to impose 100% tariff if Canada makes deal with China
World

Trump threatens to impose 100% tariff if Canada makes deal with China

US President Donald Trump speaks to the press upon returning to Joint Base Andrews in Maryland on January 13, 2026. Mandel Ngan | Afp | Getty Images President Donald Trump on Saturday warned Canada that the U.S. would impose 100% tariff on goods sold in the U.S. if the country strikes a trade deal with […]

Read More