Asian shares are lower after more drops for technology stocks weighed on Wall Street. U.S. futures edged higher and oil prices sank more than $1 a barrel. On Wednesday, the S&P 500 fell 0.5% for its fifth modest loss in the last six days. The Dow Jones Industrial Average rose 0.5%, and the Nasdaq.
Asian shares slipped Thursday after more drops for technology stocks weighed on Wall Street.
U.S. futures edged higher and oil prices sank more than $1 a barrel.
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Tokyo’s Nikkei 225 shed 0.7% to 53,935.77, while the Kospi in South Korea skidded 3.2%, to 5,199.47.
Chinese markets also retreated, with Hong Kong’s Hang Seng falling 1.2% to 26,516.38. The Shanghai Composite index gave up 0.8% to 4,069.27.
Australia’s S&P/ASX 200 fell 0.3% to 8,902.20, while Taiwan’s Taiex lost 1.1%.
On Wednesday, the S&P 500 fell 0.5% for its fifth modest loss in the last six days, closing at 6,882.72. The Dow Jones Industrial Average rose 0.5% to 49,501.30 and the Nasdaq composite sank 1.5% to 22,904.58.
More than twice as many stocks rose within the S&P 500 than fell, but sinking technology stocks weighed on the index for a second straight day.
Advanced Micro Devices dropped 17.3% even though the chip company reported a stronger profit for the latest quarter than analysts expected. It also gave a forecast for revenue for the start of 2026 that topped analysts’ expectations, but that may not have satisfied investors after its stock doubled over the last 12 months.
