Asian Stocks to Fall as Traders Retreat From Tech: Markets Wrap
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Asian stocks were headed for early declines as global markets fell into a familiar, risk-off pattern with tech concerns weighing on stocks and Bitcoin, supporting short-dated Treasuries and precious metals.Equity index futures for Japan, Australia and Hong Kong fell early Thursday in Asia. The tech-heavy Nasdaq 100 dropped 1.9% Wednesday with Nvidia Corp. down 3.8% to its lowest since September. The S&P 500 slumped 1.2% to levels not seen in three weeks, breaching its 50-day moving average — a key technical marker.