GLOBAL MARKETS-Asian stocks set to fall Friday as Wall Street's tech rally stumbles


  • Markets
  • Friday, 04 Sep 2020

Australian S&P/ASX 200 futures lost 1.95% in early trading, while Japan's Nikkei 225 futures fell 0.32%. Hong Kong's Hang Seng index futures lost 1.30% and futures for the S&P 500 fell 0.64%.

NEW YORK: Asian stocks were set to open in the red on Friday, after Wall Street's benchmarks posted their biggest one-day declines in nearly three months as new fears about the economy sent investors into bonds and safe-haven currencies.

However, analysts do not expect selling in Asia to match the Wall Street moves, which were driven by a sharp correction in technology stocks, as investors await key U.S. data due later on Friday.

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