Overlooking the city with Busan Tower in Yongdusan Park. Nampo-dong, Busan, South Korea.
1998. Moments of | Images Gethty
Asia-Pacific markets are expected to open higher on Tuesday, after Wall Street fell led by crypto-related stocks.
Overnight, bitcoin dipped about 6% to trade below $86,000, marking its worst day since March and putting pressure on the stock market as a whole. The digital currency has struggled to stay above $90,000 since falling below that level late last month for the first time since April. Other crypto-related stocks including Coinbase And Strategyalso fell during Monday’s session.
Shares of artificial intelligence-related names Broadcom and Super Micro Computer lost more than 4% and 1%, respectively, indicating greater profit-taking in the sector.
The reference of Japan Nikkei 225 The index was set to open higher, with its Chicago futures contract trading at 49,520 and its Osaka counterpart at 49,450, compared with Monday’s index close at 49,303.28.
Australia’s ASX/S&P 200 rose 0.28% at the open.
Futures for Hong Kong Hang Seng Index indicated a higher open, trading at 26,219, compared to the index’s previous close of 26,033.26.
U.S. stock futures were little changed in early Asian hours after all three major benchmarks broke five-day winning streaks.
Overnight, the S&P 500 lost 0.53% to end at 6,812.63, while the Nasdaq Composite lost 0.38% to end at 23,275.92. The Dow Jones Industrial Average fell 427.09 points, or 0.9%, to 47,289.33.
— CNBC’s Alex Harring and Fred Imbert contributed to this report.
