Asian stocks were headed for early declines as global markets fell into a familiar, risk-off pattern with tech concerns weighing on stocks and Bitcoin, supporting short-dated Treasuries and precious metals.
Equity index futures for Japan, Australia and Hong Kong fell early Thursday in Asia. The tech-heavy Nasdaq 100 dropped 1.9% Wednesday with Nvidia Corp down 3.8% to its lowest since September. The S&P 500 slumped 1.2% to levels not seen in three weeks, breaching its 50-day moving average — a key technical marker.
Source : Theedgemalaysia.com