Asian
index futures fell as U.S. stocks extended their retreat, with the
Nasdaq 100 Index capping its biggest three-day slump since 2011 and the
Standard & Poor™s 500 Index erasing its gain for the year. The
dollar held declines versus the yen and euro while oil climbed.
Nikkei
225 Stock Average futures slipped 1.1 percent to 14,715 in Chicago
after losing 0.5 percent to 14,740 in Osaka. Futures on gauges from
Australia to South Korea lost at least 0.1 percent. S&P 500 futures
climbed 0.1 percent by 7:31 a.m. in Tokyo after consumer and technology
shares drove a 1.1 percent slide in the U.S. measure. The greenback was
steady after losing at least 0.2 percent to its Japanese and euro-area
peers in the last session. Crude in New York added 0.3 percent.
Traders
dumping the biggest winners in the U.S. bull market has sent stocks
from Yahoo! Inc. to TripAdvisor Inc. tumbling, with the rout in
technology shares spreading to Asia and Europe amid concern over
inflated valuations. The Bank of Japan issues a statement on monetary
policy today, while Indonesia reviews interest rates. Alcoa Inc., the
largest U.S. aluminum producer, unofficially opens the U.S. quarterly
earnings season when it releases financial results today.
Copy Source : Bloomberg
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