Asia Stocks to Track US Slide on Chipmaker Selloff: Marke…

Stocks in Asia are expected to open lower following a selloff in chipmakers on Wall Street, triggered by doubts about the sustainability of high valuations amid significant AI investments. Futures indicate declines in Japan and Hong Kong, while S&P 500 contracts showed little change. Notably, Netflix experienced a decline in after-hours trading after forecasting a continued slowdown in sales growth for the second consecutive quarter.

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By Stephen Kirkland

July 16, 2026 at 10:05 PM UTC

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Stocks in Asia look set to open lower Friday after a selloff in chipmakers hit Wall Street amid concerns over whether massive artificial-intelligence investments will justify lofty valuations.

Equity-index futures point to declines in benchmarks in Japan and Hong Kong. Contracts on the S&P 500 were little changed in early trading in Asia after the benchmark fell for the first time in three days. Streaming giant Netflix Inc. slid post-market after predicting a second straight quarter of slowing sales growth.

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Asia Stocks to Track US Slide on Chipmaker Selloff: Markets Wrap