Asia-Pacific stocks set for opening declines following Wall Street tumble

Asia-Pacific stocks set for opening declines following Wall Street tumble


SINGAPORE — Shares in Asia-Pacific looked set for a lower start on Tuesday following big losses overnight on Wall Street that saw the tech-heavy Nasdaq Composite dropping more than 4%.

Futures pointed to a lower open for Japanese stocks. The Nikkei futures contract in Chicago was at 26,060 while its counterpart in Osaka was at 26,010. That compared against the Nikkei 225’s last close at 26,319.34.

Australian stocks were also poised to open lower, with the SPI futures contract at 7,003, against the S&P/ASX 200’s last close at 7,120.70.

Stock picks and investing trends from CNBC Pro:

Investors will be watching for moves of technology shares in Asia-Pacific after the Nasdaq Composite dropped 4.29% to 11,623.25.

Other major indexes on Wall Street also saw substantial losses, with the S&P 500 slipping 3.2% to 3,991.24 — falling below the 4,000 level for the first time in more than a year. The Dow Jones Industrial Average shed 653.67 points, or 1.99%, to 32,245.70.

Currencies

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 103.651 — off levels above 103.8 seen recently.

The Japanese yen traded at 130.33 per dollar, stronger as compared with levels above 130.5 seen against the greenback yesterday. The Australian dollar was at $0.6955, struggling to recover after last week’s drop from above $0.72.



Source

Japan’s Prime Minister Shigeru Ishiba mulls Trump trade meeting before G7, says Yomiuri newspaper
World

Japan’s Prime Minister Shigeru Ishiba mulls Trump trade meeting before G7, says Yomiuri newspaper

Japan’s prime minister, Shigeru Ishiba. Bloomberg | Bloomberg | Getty Images Japanese Prime Minister Shigeru Ishiba is considering visiting Washington to meet President Donald Trump before a mid-month summit of the Group of Seven nations as he seeks a trade deal, the Yomiuri newspaper reported on Sunday. Japanese officials see signs of progress on easing […]

Read More
South Korea exports fall as tariffs hit U.S., China shipments
World

South Korea exports fall as tariffs hit U.S., China shipments

Vehicles produced by South Korean automaker Kia Motors are lined up ready to be shipped at the company’s shipping yard at the Port of Pyeongtaek on April 03, 2025 in Pyeongtaek, South Korea. Chung Sung-Jun/Getty Images South Korea’s exports fell in May for the first time in four months, as shipments to the United States […]

Read More
Can art save the earth? Artists share how their work strives to do just that
World

Can art save the earth? Artists share how their work strives to do just that

Artist Lauren Bon, shown at the Los Angeles River. Bon and her non-profit art and research hub, Metabolic Studio, spent more than a decade on a project called “Bending the River.” The initiative draws water from the L.A. River in downtown L.A., cleans it and uses it to irrigate Los Angeles State Historic Park. Allen […]

Read More