SpaceX Shares Waver Near $2 Trillion Mark After 3-Day Rout

US tech stocks appeared set for further declines as the panic spread beyond Asia overnight.

Stocks in Asia closed lower as the tech rout spread from Wall Street with the Korean index KOSPI closing down 10 per cent and Japan's Nikkei ending the trading session on Tuesday down nearly 3.5 per cent.

Tech sell-off on AI spending jitters drags stocks markets lower

Nasdaq 100 futures dropped 2.5%, S&P 500 futures fell 1.3%, and Dow Jones futures were down about 0.6%.