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With the Melbourne skyline in the background, a ship sets sail out of the Port of Melbourne on September 14, 2021.
William West | Afp | Getty Images
Asia-Pacific markets are mixed after Wall Street saw a tech sell-off Monday, with Tesla tumbling 6% after Goldman Sachs downgraded the electric car maker, citing pricing headwinds.
Other tech names like Nvidia, Alphabet and Meta Platforms also lost more than 3% each.
In Australia, the S&P/ASX 200 opened 0.28% up as investors await inflation figures for May on Wednesday, which will give a clue to the Reserve Bank of Australia’s rate moves in August.
In Japan, the Nikkei 225 extended its losses after three straight days of declines, falling 0.25%, with the Topix seeing a smaller loss of 0.06%.
South Korea’s Kospi and Kosdaq also was in the red, dropping 0.46% and 0.53% respectively in early trade.
Hong Kong’s Hang Seng index look set to snap its five day losing streak, with futures at 18,894 compared to the HSI’s close of 18,794.13.
Overnight in the U.S., all three major indexes fell, with the tech heavy Nasdaq Composite leading losses and shedding 1.16%, the S&P 500 lost 0.45%, and the Dow Jones Industrial Average dipped marginally.
— CNBC’s Samantha Subin and Jesse Pound contributed to this report
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