People watch the first sunrise of the new year from a footbridge overlooking the city skyline in Seoul on January 1, 2024.
Jung Yeon-je | Afp | Getty Images
Asia-Pacific markets are set to open mixed Thursday, after investors continued selling tech names on Wall Street like Nvidia and Oracle for a second straight day.
Nvidia slid almost 1%, continuing its declines from Tuesday as heightened fears about the potentially circular nature of the AI industry drew investor skepticism.
Futures for Australia’s S&P/ASX 200 stood at 8,769, slightly higher than its last close of 8,764.5.
In contrast, Japan’s Nikkei 225 futures pointed to a weaker open for the market, with the futures contract in Chicago at 45,450 and its counterpart in Osaka at 45,420 compared to the previous close of 45,630.31
Hong Kong Hang Seng index futures were at 26,394, lower than the HSI’s last close of 26,518.65. Investors in Hong Kong will be watching Chinese automaker Chery Automobile’s listing later today, although the ceremony will reportedly be canceled due to Super Typhoon Ragasa.
U.S. stock futures were little changed as investors awaited Thursday’s release of weekly jobless claims data, which could influence the Federal Reserve’s monetary policy moves amid increasing concerns about a weakening labor market and rising layoffs.
Overnight in the U.S., the S&P 500 dropped 0.28% to end at 6,637.97, while the Nasdaq Composite pulled back 0.34% to settle at 22,497.86.
The Dow Jones Industrial Average declined 0.37%, to finish at 46,121.28.
—CNBC’s Sean Conlon and Pia Singh contributed to this report.
