Asia-Pacific shares set to fall, tracking Wall Street declines as tech selloff deepens
Tourists visit the Nanjing Road Scenic Area in Shanghai, China, on October 20, 2025.
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Asia-Pacific markets were set to open lower on Friday, tracking losses on Wall Street as technology stocks continued to come under pressure.
Japan’s benchmark Nikkei 225 index was set for a lower open, with its futures contract in Chicago trading at 50,210 and its counterpart in Osaka at 50,090 against the index’s last close of 51,281.83.
Australia’s S&P/ASX 200 lost 1.58%.
Futures for Hong Kong’s Hang Seng Index pointed to a lower open, trading at 26,701, against the index’s previous close of 27,073.03.
China will release data on retail sales, industrial output, and fixed-asset investment for October today. Fixed-asset investment, which includes real estate, fell unexpectedly by 0.5% in September.
Overnight in the U.S., all three major averages closed lower as investors continued to sell shares of technology companies, especially those in the artificial intelligence trade, amid worries about their valuations.
The Dow Jones Industrial Average lost 797.60 points, or 1.65%, to settle at 47,457.22, well off the record highs set in the previous session. The S&P 500 shed 1.66% to finish at 6,737.49.
The broad-based index saw notable declines in the information technology and communication services sectors, led by Disney, which fell nearly 8% on mixed results for its fiscal fourth quarter. The Nasdaq Composite pulled back 2.29% to close at 22,870.36. All three major averages, as well as the small-cap Russell 2000 index, suffered their worst day since Oct. 10.
— CNBC’s Sean Conlon and Pia Singh contributed to this report.
