MARKET UPDATE

Asia Markets Mixed after S&P and Nasdaq Fall for Fourth Straight Day

Asia-Pacific markets were mixed on Thursday, following Wall Street's overnight losses which saw the S&P 500 and the Nasdaq Composite fall for a fourth straight day.

Tech stocks led markets lower as artificial intelligence darling Nvidia fell nearly 4%, joined by Netflix, Meta, Apple and Microsoft. Tech was the worst-performing S&P 500 sector, falling 1.7%.

Australia's S&P/ASX 200 climbed 0.45%, ahead of the unemployment reading.

Japan's Nikkei 225 slipped 0.82%, on pace for a fourth straight day of losses, while the broad based Topix dropped 0.38%.

In contrast, South Korea's Kospi rebounded from Wednesday's losses, advancing 1.04%. The small-cap Kosdaq gained 1.16%.

Futures for Hong Kong's Hang Seng index stood at 16,211, pointing to a weaker open compared to the HSI's close of 16,251.84.

Source : CNBC

 

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