Asia equities flat, holidays help US tech retreat

By Reuters10 days ago

SYDNEY: Asian shares risked falling for a fourth straight session on Wednesday as sentiment took a knock from a selloff in large cap Wall Street tech darlings, combined with talk of rising U.S. interest rates.

Holidays in Japan, China and South Korea limited the early reaction, leaving MSCI's broadest index of Asia-Pacific shares outside Japan dithering either side of flat.

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Japan's Nikkei was shut, but futures traded down at 28,735 compared to the last cash close of 28,812.

Nasdaq futures steadied after a sharp pullback overnight, while S&P 500 futures inched up 0.1%.

The Nasdaq had dropped 1.9% on Tuesday as some big tech names ran into profit-taking, including Microsoft Corp, Alphabet Inc, Apple Inc and Amazon.com Inc .

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