Asian shares decline during open, brent snaps gains
Asian shares opened lower following a tech-led selloff on Wall Street, with Nasdaq 100 Index futures edging 0.4% up after a 1% decline on Tuesday. Major tech companies including Alphabet, Microsoft, Amazon, and Meta are set to release their earnings, with the sector's results expected to have grown 41% in the first quarter.
Asian shares opened lower on Wednesday after a tech-led selloff hit Wall Street overnight. Stocks in Australia and South Korea declined, while Japan's market was closed for a public holiday. Major tech companies, representing about a quarter of the S&P 500's value, are set to release their earnings. Alphabet Inc., Microsoft Corp., Amazon.com Inc., and Meta Platforms Inc. report on Wednesday, followed by Apple Inc. a day later. The tech sector's results are expected to have grown 41% in the first quarter. The United Arab Emirates will leave OPEC next month, and Brent crude opened down 0.5% to $110.75 a barrel.
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