Asia-Pacific markets opened weaker Friday, tracking losses on Wall Street as fears over the banking sector and trade tensions intensified.
Shares of regional banks and investment bank Jefferies tumbled Thursday stateside as fears mounted around some bad loans lurking in the U.S.
In Asia, investors will take note of chip heavyweight Taiwan Semiconductor Manufacturing Co., which announced its third-quarter results after Taiwan’s market closed Thursday.
Japan’s Nikkei 225 lost 1% in early trade, while the broad-based Topix fell 0.83%.
South Korea’s Kospi dipped 0.47%, but the small-cap Kosdaq bucked the trend and climbed 0.15%.
Australia’s S&P/ASX 200 started the day down 0.6%.
Hong Kong’s Hang Seng Index futures were at 25,862, lower than the HSI’s last close of 25,888.51.
Singapore’s non-oil domestic exports posted a sharp rebound in September, jumping 6.9% from a year earlier, defying expectations of a 2.1% drop and reversing an 11.3% fall in August.
U.S. stock futures were slightly lower on Thursday night stateside after the previous session saw a sell-off fueled by concerns about regional banks’ loan practices.
Overnight in the U.S., the Dow Jones Industrial Average lost 301.07 points, or nearly 0.7%, to close at 45,952.24. Earlier in the day, the 30-stock index had gained 170 points.
The S&P 500 finished 0.6% lower at 6,629.07, giving up a 0.6% gain at the highs of the session. The Nasdaq Composite fell 0.5% to settle at 22,562.54.
— CNBC’s Liz Napolitano, Pia Singh and Alex Harring contributed to this report.
Source: CNBC