Asia-Pacific markets open lower, tracking Wall Street losses <\/p>\n
Asia-Pacific markets traded lower early Wednesday, amid concerns over elevated oil prices and higher bond yields and escalating Middle East tensions. <\/p>\n
Japan’s\u00a0Nikkei 225<\/a> declined 1.60% while the Topix dropped 1.44%.<\/p>\n The Kospi<\/a> fell 2.87% at open, while the small-cap Kosdaq declined 2.51%. <\/p>\n Australia’s benchmark S&P\/ASX 200<\/a> was 1.09% lower.<\/p>\n \u2014Justina Lee<\/p>\n Asia-Pacific markets set to open lower as Mideast tensions, higher bond yields dent sentiment<\/p>\n Asia-Pacific markets were set to open broadly lower Wednesday, tracking Wall Street losses amid worries over escalating Middle East tensions, elevated oil prices and higher bond yields. <\/p>\n Japan’s\u00a0Nikkei 225<\/a>\u00a0was poised to decline, with the Chicago futures contract at 64,845 and its Osaka counterpart last trading at 64,880, compared with the index’s previous close of 66,215.34.<\/p>\n Hong Kong\u00a0Hang Seng index<\/a>\u00a0futures were at 25,176, compared with the index’s last close of 25,329.73.<\/p>\n Futures for Australia’s S&P\/ASX 200<\/a> last traded at 8,933, while the index closed at 9,066.70.<\/p>\n Tensions between Iran and the U.S. continue to escalate, after the U.S. carried out its latest round of attacks on Iran. <\/p>\n The U.S. Central Command said in a X post<\/a>, the strikes “follow recent attempted attacks by the IRGC against commercial shipping in the Strait of Hormuz and against American service members.” <\/p>\n A tanker was struck by three unknown projectiles while transiting Hormuz on Monday, the\u00a0U.K. Maritime Trade Operations Centre<\/a> said in an incident report<\/p>\n \u2014Justina Lee <\/p>\n See the stocks moving after hours<\/p>\n These are some of the stocks moving after hours:<\/p>\n Dell Technologies<\/a>\u00a0\u2014 Shares of the computer maker jumped almost 9% after\u00a0beating expectations<\/a>\u00a0on both lines. Dell also lifted its forecast for the fiscal 2027 year, citing strength in the artificial intelligence service business.MongoDB<\/a>\u00a0\u2014 The data developer shares dropped 12% despite posting better-than-expected earnings and upbeat guidance. MongoDB said it earned $1.90 per share, excluding items, on $772 million in the second quarter, while analysts surveyed by LSEG forecasted $1.61 a share and $734 million.Credo Technology<\/a>\u00a0\u2014 Shares of the connectivity stock slid almost 4% after its non-GAAP gross margin for the first quarter came in at 68%, while analysts polled by LSEG penciled in 68.3%. However, Credo beat expectations on both lines for the first quarter.<\/p>\n