Asian stocks retreat ahead of US midterms as oil steadies
Asian tech stocks came under fresh pressure on Tuesday as investors fretted over AI spending and earnings, while oil steadied after the previous session's tumble, ahead of the start of voting in the US midterm elections. European futures fell 0.9% and S&P 500 futures were 0.1% lower, their fourth straight day of declines. Japanese markets were closed for a holiday.
In 35 seconds
- Asian tech stocks face fresh pressure on doubts over AI spending and earnings; outflows dominate in Korea and Taiwan, according to Bank of America.
- European futures fall 0.9%, German DAX futures 0.8% and S&P 500 futures 0.1%, their fourth consecutive decline; Japan was closed for a holiday.
- The yield on the US 10-year Treasury was up 2.1 basis points at 4.913%.
IASummary generated by artificial intelligence from a story by Reuters. It may contain errors: the original source prevails.




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