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Asian shares fall on selling of tech shares as markets watch for results of US midterm elections
Compiled Nov 3
What happened
Asian shares fell Wednesday and U.S. futures edged lower as markets watched for U.S. midterm election results
The detail
Oil prices declined
The detail
Technology and artificial-intelligence stocks have been hit by bouts of selling on worries prices shot too high
The detail
Japan's Nikkei 225 fell 3.6% to 60,835.36, its lowest level since early May
How it unfolded
Tuesday: U.S. midterm elections held; S&P 500 rose 0.4%, Dow dropped 197 points, Nasdaq climbed 0.8% · Tuesday: Australia's central bank raised interest rates · Tuesday: Job openings report showed employers advertising more jobs than expected, pushing Treasury yield to 4.96% · Wednesday: Asian shares fell as election results filtered in; Nikkei, Kospi, Taiex all declined · Early Wednesday: Oil prices fell; Brent crude down 0.5% to $103.14, U.S. crude down 0.7% to $95.45
By the numbers
3.6% Nikkei 225 decline · 3.2% Kospi index decline · 0.4% S&P 500 change · 4.96% 10-year Treasury yield · 8% SoftBank Group stock decline