Asia Shares Subdued By Tech Retreat, U.S. Futures Steady

Asian shares were trying to avoid a fourth straight session of falls on Wednesday as U.S. stock futures steadied in the wake of a pullback in large-cap tech darlings.

Holidays in Japan, China and South Korea helped cushion markets, leaving MSCI’s broadest index of Asia-Pacific shares outside Japan up 0.1%.

Japan’s Nikkei 225 was shut, but futures recouped early losses to stand at 28,850 compared to the last cash close of 28,812.

India’s Nifty 50, started up 0.7% ahead of a speech by the country’s central bank governor, which might include policy changes to support the pandemic-stricken economy.

The Nasdaq had dropped 1.9% on Tuesday as some big tech names ran into profit-taking, including Microsoft Corp., Alphabet Inc., Apple Inc. and Amazon.com Inc .


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