International markets fell sharply, following Thursday’s slide on Wall Street, but U.S. stock futures were only modestly lower, suggesting some of the pressure on American stocks could abate Friday.
By late morning Friday in Hong Kong, E-mini futures tied to the S&P 500 and the tech-focused Nasdaq-100 index had both edged down about 0.2%.
Benchmark indexes in mainland China, Hong Kong, Australia and South Korea all retreated, with Australia’s S&P/ASX 200 falling more than 2%. Hong Kong’s Hang Seng Index dropped 3.2%, while a sister index tracking technology stocks fell more than 4%. In mainland China, the CSI 300 dropped 1.9%.
U.S. stocks rallied Wednesday after the Federal Reserve raised interest rates by half a percentage point, buoyed by relief that it wasn’t actively considering even larger moves in the future,…
