Asia-Pacific markets mostly fell Thursday as the tech sell-off on Wall Street gained momentum, with cryptocurrencies also falling.
Notably, Advanced Micro Devices plunged 17% after its first-quarter forecast underwhelmed some analysts. Broadcom and Micron Technology also suffered major losses, falling about down 3.8%, while the latter fell 9.5%.
Bitcoin declined more than 3%, hovering just above the $73,000 level, after falling below that mark earlier.
In Asia, South Korea’s Kospi tumbled 1.31% as chip heavyweights Samsung and SK Hynix fell 3.61% and 4.56%, respectively. Other top losers included defense giant Hanwha Aerospace, which declined 4%.
Japan’s Nikkei 225 was marginally higher. Investment firm SoftBank Group Corp declining as much as 5% after chip designer Arm’s fiscal third quarter licensing sales missed estimates. The broad-based Topix was the only index in positive territory, up 0.47% and hitting a record high.
Australia’s S&P/ASX 200 was down 0.18%, dragged by energy stocks.
Hong Kong’s Hang Seng index futures were at 26,534, lower than the HSI’s last close of 26,847.32.
Overnight in the U.S., the S&P 500 slid 0.51% for back to back losses, while the Dow Jones Industrial Average added 0.53%, and the Nasdaq Composite dropped 1.51%.
—CNBC’s Sean Conlon and Pia Singh contributed to this report.
Source: CNBC