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- After the WallStreet sell off, Asia markets will open lower
After the WallStreet sell off, Asia markets will open lower
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Loading...Futures pointed to a lower open for Asian markets on Wednesday, following U.S. losses amid a spike in volatility and lower oil prices.
Australia's SPI futures were a touch lower at 5,183 compared to the ASX 200's last close at 5,207.78.
Nikkei futures were off by more than 100 points compared to the benchmark index's Tuesday finish at 16,729.04, with Chicago futures at 16,615 and Osaka futures at 16,510.
U.S. markets closed down more than 1 percent. The Dow Jones industrial average fell 258.32 points, or 1.41 percent, to 18,066.75. The S&P 500 slid 32.02 points, or 1.48 percent, to 2,127.02, while the Nasdaq ended down 56.63 points, or 1.09 percent, at 5,155.25.
Oil prices took a hit in the U.S. session after the International Energy Agency (IEA) warned in its latest market update that it may take longer for oil prices to re-balance, citing a faster-than-expected slowdown in global oil demand growth.
U.S. crude futures fell 3 percent to $44.90, while Brent slipped 2.5 percent to $47.10
On Monday, the Organization of the Petroleum Exporting Countries (OPEC) said key central bank decisions, such as the one due in the U.S. later this month, would be crucial in determining the state of global growth and the overall health of the energy sector.
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