- Asia-Pacific markets are expected to open mixed on Tuesday as big U.S. technology stocks were sold off by other sectors such as banking and energy.
- Information technology was the S&P 500’s biggest faller on the day, falling more than 2%.
- Asian investors will be assessing South Korea’s June consumer confidence index and Japan’s services sector producer price index.
Asia-Pacific markets are expected to open mixed on Tuesday, with big U.S. technology stocks being sold off by other sectors such as banking and energy.
Tech darling Nvidia slumped 6.68% on Monday, making it one of the biggest contributors to the Nasdaq’s decline. Information technology was the S&P 500’s biggest-falling sector on the day, dropping more than 2%.
Asian investors will be assessing South Korea’s June consumer confidence index and Japan’s services sector producer price index.
South Korea’s consumer confidence index rose to 100.9 in June from 98.4 in May, driven by growing optimism about current living standards, future household income and the country’s economic situation.
Australia’s S&P/ASX 200 futures were at 7,761, above the index’s last close of 7,733.7.
Japan’s Nikkei 225 futures suggested a weak start with the Chicago futures contract at 38,795 and the Osaka futures contract at 38,710, compared with the previous day’s close of 38,804.65.
Hong Kong Hang Seng Index futures were at 18,045, above the HSI’s last close of 18,027.71.
Overnight in the US, the Dow Jones Industrial Average rose 0.67%, while the S&P 500 fell 0.31%, but the tech-heavy Nasdaq Composite Index fell 1.09%, its worst day since April.
—CNBC’s Hakyung Kim and Yun Lee contributed to this report.
