Overlooking the city with Busan Tower in Yongdusan Park. Nampo-dong, Busan, South Korea.
Jungang Yan | Moment | Getty Images
Asia-Pacific markets were set to open higher Tuesday, after Wall Street fell, dragged by crypto-related stocks.
Overnight, bitcoin plunged around 6% to trade below $86,000, marking its worst day since March and pressuring the broader stock market down. The digital currency has struggled to stay above $90,000 since it fell below that level late last month for the first time since April. Other crypto-related stocks, including Coinbase and Strategy, also fell in Monday’s session.
Shares of artificial intelligence-related names, Broadcom and Super Micro Computer lost more than 4% and 1%, respectively, indicating more profit-taking in the sector.
Japan’s benchmark Nikkei 225 index was set for a higher open, with its futures contract in Chicago trading at 49,520, and its counterpart in Osaka at 49,450, against the index’s Monday close of 49,303.28.
Australia’s ASX/S&P 200 rose 0.28% at the open.
Futures for Hong Kong’s Hang Seng Index pointed to a higher open, trading at 26,219, against the index’s previous close of 26,033.26.
U.S. equity futures were little changed in early Asian hours after all three key benchmarks snapped five-day gain streaks.
Overnight, the S&P 500 lost 0.53% to end at 6,812.63, while the Nasdaq Composite shed 0.38% to finish at 23,275.92. The Dow Jones Industrial Average pulled back by 427.09 points, or 0.9%, to settle at 47,289.33.
— CNBC’s Alex Harring and Fred Imbert contributed to this report.