Asian stocks were set to open lower Friday after risk sentiment dimmed on Wall Street as bad loans at two US banks heightened concerns about the credit market. US stock futures indicated further weakness.
Shares in Australia and equity-index futures for Japan and Hong Kong all fell in Asia, echoing the lackluster mood in New York trading. Contracts for US gauges also retreated after the S&P 500 fell 0.6%, weighed down by a 2.8% drop for its financial stocks, while the Nasdaq 100 ended 0.4% lower.
Stock Market Today: Dow, S&P Live Updates for October 17
