Asia-Pacific markets open mixed after OPEC shock, tech jitters drag Wall Street lower

April 29, 2026 | Published by AI News Pro

Asia markets open mixed after U.S. stocks fell overnight.

OpenAI growth concerns weighed on tech sentiment, dragging Nasdaq and broader markets.

Asia-Pacific markets open mixed Wednesday, after Wall Street declined overnight as investors assess the latest developments concerning OPEC, as well as a report that pointed to weakness in OpenAI.

The United Arab Emirates will exit OPEC on May 1, in a major blow to the cartel that coordinates production among many of the world’s largest oil producers, particularly those in the Middle East.

Optimism around tech stocks took hit as the Wall Street Journal reported that OpenAI’s revenue and recent users growth was below its own targets. The report added that CFO Sarah Friar told the business leadership that she was concerned OpenAI may not be able to pay computing contracts in the future if its top line doesn’t expand fast enough. Furthermore, experts in bull market note the continued relevance.

South Korea’s Kospi lost 0.39%, while the small-cap Kosdaq traded flat. In Australia, theĀ S&P/ASX 200 declined 0.28%.

Hong Kong’s Hang Seng index futures were at 25,762, compared with the index’s last close of 25,679.78.

Japan markets were closed for a holiday.

S&P 500 futuresĀ added 0.1%, whileĀ Nasdaq 100 futuresĀ rose 0.2%.Ā Futures tied to the Dow Jones Industrial AverageĀ advanced 63 points, or 0.1%.

Overnight in the U.S., TheĀ S&P 500Ā fell on Tuesday,a rise in oil prices along with weighed down by the report on OpenAI. Traders await quarterly earnings from four of the “Magnificent Seven” stocks, as well as the conclusion of what could be Jerome Powell’s final policy meeting as Federal Reserve chair.

The broad sector index fell 0.49% to close at 7,138.80, while the tech-heavyĀ Nasdaq CompositeĀ shed 0.9% and ended at 24,663.80. TheĀ Dow Jones Industrial AverageĀ slid 25.86 points, or 0.05%, to settle at 49,141.93. This also touches on aspects of dividends.

AI Disclosure: This article has been generated and curated using advanced AI technology. While we strive for absolute accuracy, some details may be summarized or translated by autonomous systems. Please cross-reference critical financial data with official sources.

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