Equity futures for Australia and Hong Kong both slipped in early trade, after a gauge of US-listed Chinese stocks fell 0.7% in New York. Japanese markets are shut Monday for a holiday with the central bank due to meet Friday. Contracts for US shares edged higher at the start of Asian hours.
Stocks fell in the US Friday, with a $4 trillion options maturity amplifying volatility, pushing up the equity-volatility VIX gauge from its lowest level since 2020. Big tech losses were led by Nvidia Corp. and Meta Platforms Inc. which both fell more than 3.5%. The S&P 500 erased its weekly gain, while the Nasdaq 100 slid 1.8%. The Fed’s policy decision is scheduled for Wednesday.
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