Asian Markets Trade Lower Following Overnight Sell-Off On Wall Street; D-Street To Open In The Red?

Asian markets traded sharply lower today following a sell-off on Wall Street overnight as tech stocks bled.
Japan’s Nikkei 225 plunged 4.01%, while the Topix tanked 2.74%. South Korea’s Kospi dropped 2.61% and Kosdaq declined 2.94%. Hong Kong’s Hang Seng index futures indicated a lower opening.
Gift Nifty was trading around 25,185 level, a discount of nearly 160 points from the Nifty futures’ previous close, indicating a negative start for the Indian stock market indices.
US stock market slumped on Tuesday, with the three benchmark indices recording their biggest daily percentage declines since early August.
The Dow Jones Industrial Average plunged 626.15 points, or 1.51%, to 40,936.93, while the S&P 500 index tanked 119.47 points, or 2.12%, to 5,528.93. The Nasdaq Composite ended 577.33 points, or 3.26%, lower at 17,136.30.
Here's the trade set-up for today.
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