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Tech Underperforming Amid Broader Weakness

  • Asian markets closed mostly higher: Japan's NIKKEI closed up 28.06 pts or +0.1% at 27943.95 and the TOPIX ended 7.92 pts higher or +0.41% at 1947.03. China's SHANGHAI closed up 5.391 pts or +0.17% at 3241.763 and the HANG SENG ended 122.23 pts lower or -0.56% at 21531.67.
  • European equities are down slightly, with tech and communications services stocks underperforming: German Dax down 118.42 pts or -0.81% at 14544.52, FTSE 100 down 4.1 pts or -0.05% at 7609.57, CAC 40 down 30.42 pts or -0.46% at 6519.9 and Euro Stoxx 50 down 26.58 pts or -0.69% at 3811.5.
  • U.S. futures are weaker, with the Dow Jones mini down 110 pts or -0.33% at 32802, S&P 500 mini down 13.25 pts or -0.32% at 4107.25, NASDAQ mini down 51.75 pts or -0.41% at 12553.25.

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