Asian stocks opened lower following a volatile session on Wall Street that saw broad losses across equities and haven assets.
Equity benchmarks in Japan and South Korea fell more than 1% in early Asian trading. The Nasdaq 100 lost 1% after a tepid outlook from Texas Instruments Inc. and a 10% slump in Netflix Inc. In late hours, Tesla Inc. slid as earnings missed estimates despite a sales surge.
Adding to the jitters, traders were watching developments in Washington after the Trump administration said it’s considering curbs on software exports to China, stoking fresh trade tensions. Meanwhile, oil jumped almost 3% after the US announced sanctions on Russia’s biggest producers in its latest bid to pressure President Vladimir Putin to negotiate an end to the war in Ukraine.
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