Premarket: Global stocks are mixed after a sharp decline on Wall Street driven by Big Tech

European markets opened higher while Asian stocks were mostly lower on Friday, with Japan’s benchmark Nikkei losing over 2% after a sharp decline on Wall Street.

Hong Kong’s Hang Seng index was the exception to Friday’s downturn vibe. It added 0.9% to 20,506.43, while the Shanghai Composite index was up in morning trading but slipped 0.2% later in the day to close at 3,272.01. Elsewhere, South Korea’s Kospi lost 0.5% to 2,543.36. Taiwan’s Taiex fell 0.2%, weighed down by a 0.5% decline in Taiwan Semiconductor Manufacturing Corp., Apple’s chip supplier. Apple’s quarterly earnings report Thursday revealed a drop in sales revenue from China.

In the bond market, Treasury yields edged lower following a mixed set of reports on the U.S. economy.

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