U.S. stock index futures fell on Wednesday, a day after the S&P 500 and Nasdaq hit new record highs, as a lack of clarity on U.S.-China trade relations from President Donald Trump and escalating tensions in Hong Kong dampened risk appetite.
Chipmakers, which get a sizeable chunk of sales from China, fell in premarket trading. Nvidia Corp (NVDA.US), Micron Technology Inc (MU.US), Intel Corp (INTC.US) and Advanced Micro Devices Inc (AMD.US) shed between 0.3% and 0.8%.
Shares of Alibaba Group Holding Ltd (BABA.US) fell 1.6% and were set for their worst day in three weeks following reports that the Chinese e-commerce giant planned to launch a Hong Kong share sale to raise up to $13.4 billion as soon as Thursday.
Dow e-minis were down 107 points, or 0.39%. S&P 500 e-minis were down 11.75 points, or 0.38% and Nasdaq 100 e-minis were down 37.25 points, or 0.45%.
Shares of SmileDirectClub Inc (SDC.US) slumped 8.7% as the teeth alignment company posted a bigger quarterly loss and pointed toward more losses for the year.
Tech Data Corp (TECD.US) gained 4.2% after announcing private equity Apollo Global Management (APO.US) would buy the U.S. company in a deal valued at $5.4 billion.
China's Luckin Coffee Inc (LK.US) rose 2.6% as the Starbucks Corp (SBUX.US) rival reported a smaller-than-expected loss and forecast fourth-quarter revenue above estimates.
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