"Black Friday"? U.S. stocks fell sharply overnight on the back of economic data, Asia-Pacific stock markets were bleak today, and European stocks also opened lower across the board.
The Euro Stoxx 50 index and Germany's DAX 30 index both fell more than 1% at the open, with chip stocks and technology stocks leading the decline, and ASML falling more than 5%.
In the premarket of U.S. stocks, Nasdaq futures fell 2%, Intel fell nearly 20%, and Amazon fell more than 7%. At present, investors are paying close attention to the non-farm payrolls data released in United States tonight.
European stocks opened lower and went lower, and ASML fell more than 5%
European stocks collectively opened lower, with the Euro Stoxx 50 index and Germany's DAX 30 index both opening down more than 1%, France's CAC 40 index down 0.54%, and United Kingdom's FTSE 100 index down 0.55%.
At present, the decline of European stocks continues to expand, and Italy's FTSE MIB index has fallen by 1.6%.
Technology stocks extended their decline, with ASML falling more than 5% at the beginning of the session and STMicroelectronics falling nearly 4%.
Nasdaq futures fell 2%, Intel fell nearly 20% premarket
Nasdaq 100 futures continued to fall in the afternoon, extending losses to 2% at one point and now down 1.5%. The S&P 500 fell 0.9% and Dow futures fell 0.5%.
U.S. technology stocks led the decline in pre-market, Intel's U.S. stocks fell nearly 20% pre-market, and Q2 revenue unexpectedly declined, and more than 15% of employees will be laid off; Amazon's U.S. stocks fell more than 7% pre-market, and the Q3 guidance was poor, and the cloud demand turned red under the pressure of AI investment.
Chip stocks continued to fall, with Nvidia falling nearly 3% premarket as the company faced an antitrust investigation by the United States Department of Justice over a competitor complaint. Apple fell about 0.8% premarket, the company's iPhone revenue fell in the third fiscal quarter, the only decline in Greater China, iPad and services were strong.
Snap's U.S. stock fell more than 17% premarket, and its second-quarter revenue and third-quarter earnings outlook fell short of market expectations. Coinbase rose more than 1% pre-market, and the company's second-quarter report was better than expected.
Popular Chinese concept stocks followed the decline, with Xpeng Motors, New Oriental, NetEase, and Pinduoduo falling more than 1%.
Asia-Pacific stocks tumbled, chip sell-off spread, investors pay close attention to tonight's United States non-farm payrolls data
Today, Asia-Pacific stock markets crashed, with Japanese stocks falling the most. The Nikkei 225 index closed down 5.8%, and Japan's Topix index closed down 6.14%, the biggest drop since 2016.
There was a global sell-off in chip stocks, with the U.S. chip stock index falling by more than 8% overnight, and Nvidia's earnings report crashing by 20% after hours. Asian chip stocks followed the decline in US stocks, with SK hynix down 10%, Korea's Samsung Electronics down 4%, and Hanmi Semiconductor down more than 9%.
Stock market panic continues to spread in global markets. United States manufacturing PMIs contracted the most in eight months overnight, and employment was the worst since 2009 during the pandemic. This has sparked concerns about the United States economy. Investors are now paying close attention to the non-farm payrolls data from United States tonight.
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