U.S. tech sell-off may affect Asia-Pacific markets' opening performance.

U.S. tech sell-off may affect Asia-Pacific markets' opening performance.
U.S. tech sell-off may affect Asia-Pacific markets' opening performance.
  • On Tuesday, Asia-Pacific markets will open with mixed sentiment, following the decline of U.S. Big Tech stocks and the rise of other sectors like banking and energy.
  • The S&P 500 sector that experienced the most significant decline was information technology, with a fall of over 2%.
  • South Korea's consumer sentiment index for June and Japan's service sector producer prices will be evaluated by investors in Asia.

On Tuesday, Asia-Pacific markets will open with mixed sentiment, following the decline of U.S. Big Tech stocks and the rise of other sectors like banking and energy.

On Monday, the tech industry experienced a 6.68% decline, contributing significantly to the Nasdaq's losses. The S&P 500's biggest declining sector was information technology, which fell more than 2% on the day.

South Korea's consumer sentiment index for June and Japan's service sector producer prices will be evaluated by investors in Asia.

In June, South Korea's consumer confidence index increased to 100.9 from 98.4 in May, reflecting rising optimism about current living standards, future household income, and domestic economic conditions.

The S&P/ASX 200 index in Australia finished higher at 7,761, compared to its previous close of 7,733.7.

The futures market in Japan is predicted to have a weaker opening, with the Chicago contract at 38,795 and the Osaka contract at 38,710, compared to the previous close of 38,804.65.

The HSI's last close of 18,027.71 was surpassed by Hong Kong futures, which stood at 18,045.

In the U.S., the Dow Jones Industrial Average gained 0.67%, the S&P 500 lost 0.31%, and the Nasdaq Composite experienced its worst day since April, dropping 1.09%.

—CNBC's Hakyung Kim and Yun Li contributed to this report.

by Sheila Chiang

Markets