- Japanese stocks lead Asian shares lower after sharp losses on Wall Street yesterday as the rout in tech and biotech stocks resumed.
- European shares are also down, although U.S. stock futures are flat-to-higher.
- "As market sentiment worsens in the U.S., investors tend to focus on negatives, creating a downward spiral," says strategist Juichi Wako.
- Japan -2.4%, Hong Kong -0.8%, China -0.2%, India -0.6%.
- Euro Stoxx 50 -0.8%, London -0.9%, Paris -0.9%, Frankfurt -1.1%, Milan -0.7%, Madrid -0.8%.
- U.S. stock futures: Dow +0.1%. S&P +0.1%. Nasdaq flat.
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