Asia-Pacific markets mixed as OPEC news hits tech stocks

Published on 4/29/2026

Asia-Pacific markets mixed as OPEC news hits tech stocks

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Asia-Pacific markets opened mixed on Wednesday following a decline on Wall Street, where the S&P 500 fell 0.49% to 7,138.80. OPEC faced a setback as the United Arab Emirates announced it would exit on May 1. OpenAI's revenue growth underperformed, causing concern among investors about its ability to meet future financial obligations. The Kospi saw a decrease of 0.39%, while the S&P/ASX 200 fell by 0.28%. Futures for the S&P 500 and Nasdaq 100 were up slightly, indicating potential recovery.

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