Asia markets set to open higher, breaking ranks with Wall Street losses on crypto sell-off

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Overlooking the metropolis with Busan Tower successful Yongdusan Park. Nampo-dong, Busan, South Korea.

Jungang Yan | Moment | Getty Images

Asia-Pacific markets were acceptable to unfastened higher Tuesday, aft Wall Street fell, dragged by crypto-related stocks.

Overnight, bitcoin plunged astir 6% to commercialized beneath $86,000, marking its worst day since March and pressuring the broader banal marketplace down. The integer currency has struggled to enactment supra $90,000 since it fell beneath that level precocious past period for the archetypal clip since April. Other crypto-related stocks, including Coinbase and Strategy, also fell successful Monday's session.

Shares of artificial intelligence-related names, Broadcom and Super Micro Computer lost much than 4% and 1%, respectively, indicating much profit-taking successful the sector.

Japan's benchmark Nikkei 225 scale was acceptable for a higher open, with its futures declaration successful Chicago trading astatine 49,520, and its counterpart successful Osaka astatine 49,450, against the index's Monday adjacent of 49,303.28.

Australia's ASX/S&P 200 roseate 0.28% astatine the open.

Futures for Hong Kong's Hang Seng Index pointed to a higher open, trading astatine 26,219, against the index's erstwhile adjacent of 26,033.26.

U.S. equity futures were small changed successful aboriginal Asian hours aft each 3 cardinal benchmarks snapped five-day summation streaks.

Overnight, the S&P 500 lost 0.53% to extremity astatine 6,812.63, portion the Nasdaq Composite shed 0.38% to decorativeness astatine 23,275.92. The Dow Jones Industrial Average pulled backmost by 427.09 points, oregon 0.9%, to settee astatine 47,289.33.

— CNBC's Alex Harring and Fred Imbert contributed to this report.

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