&#34;Black Friday&#34;? Overnight US stocks fell sharply due to economic data, with a bleak outlook for Asia-Pacific stock markets today and a general decline in European stock markets.
The Euro Stoxx 50 Index and Germany's DAX 30 Index both opened down more than 1%, with chip stocks and tech stocks leading the decline, with ASML falling more than 5%.
Before the US stock market opened, Nasdaq futures fell by 2%, Intel fell by nearly 20%, and Amazon fell by over 7%. Currently, investors are closely watching the non-farm data to be released in the US tonight.
<h2>European Stocks Open Low, ASML Falls Over 5%</h2>
European stocks opened lower, with the Euro Stoxx 50 Index and Germany's DAX 30 Index both opening down more than 1%, the French CAC 40 Index down 0.54%, and the UK's FTSE 100 Index down 0.55%.
Currently, the decline in European stocks continues to widen, with Italy's FTSE MIB Index falling by 1.6%.
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Tech stocks continue to decline, with ASML falling more than 5% at the opening, and STMicroelectronics falling nearly 4%.
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<h2>Nasdaq Futures Down 2%, Intel Pre-market Down Nearly 20%</h2>
The Nasdaq 100 Index futures continued to decline in the afternoon, with the decline widening to 2% at one point, and currently down by 1.5%. The S&amp;P 500 Index fell by 0.9%, and Dow futures fell by 0.5%.
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US tech stocks lead the decline pre-market, with Intel down nearly 20% pre-market, with Q2 revenue unexpectedly declining and planning to cut over 15% of its workforce; Amazon down over 7% pre-market, with Q3 guidance disappointing, cloud demand flashing red under AI investment pressure.
Chip stocks continue to fall, with NVIDIA down nearly 3% pre-market, facing a US Department of Justice antitrust investigation due to complaints from competitors. Apple down by about 0.8% pre-market, with iPhone revenue declining in the third quarter, the Greater China region being the only region to decline, while iPad and services remain strong.
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Snap down over 17% pre-market, with second-quarter revenue and third-quarter performance outlook below market expectations. Coinbase up over 1% pre-market, with second-quarter results better than expected.
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Popular Chinese concept stocks follow the decline, with XPeng, New Oriental, NetEase, and Pinduoduo all falling by over 1%
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<h2>Asia-Pacific Stock Markets Plunge, Chip Sell-off Spreads, Investors Closely Watch US Non-Farm Payrolls Data Tonight</h2>
Today, Asia-Pacific stock markets crashed, with the Nikkei 225 index closing down by 5.8%, and the TOPIX index in Japan closing down by 6.14%, marking the largest drop since 2016.
There is a global sell-off of chip stocks, with overnight US chip stock indices plunging by over 8%, and Nvidia's financial report causing a post-market freefall of 20%. Asian chip stocks followed the decline, with SK Hynix falling by 10%, Samsung Electronics in South Korea dropping by 4%, and Hana Micron in South Korea and the US falling by over 9%.
Stock market panic continues to spread in global markets. Overnight, the US manufacturing PMI shrank by the largest margin in eight months, and employment is at its worst since 2009 outside of the pandemic period. This has raised concerns about the US economy in the market. Currently, investors are closely watching the US non-farm payrolls data to be released tonight

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"Black Friday"? Overnight US stocks plummeted due to economic data, leading to a bleak outlook for Asia-Pacific stock markets today. European stock markets also opened lower across the board. Before the US stock market opened, Nasdaq futures fell by 2%, Intel dropped nearly 20%, and Amazon fell over 7%. Currently, investors are closely watching the non-farm payroll data to be released in the US tonight

- The US July non-farm payroll data significantly falls short of expectations, intensifying concerns about economic recession, leading to a rapid rise in rate cut expectations and a sharp decline in major US stock indices, especially in the tech sector, alongside a significant drop in US bond yields.
- Overnight data reveals a substantial contraction in US manufacturing PMI, marking the largest decline in eight months, with employment hitting its worst level since 2009 outside of pandemic periods, further exacerbated by uncertainties in the Middle East, resulting in a bleak outlook for Asia-Pacific and European stock markets.
- Apple's Q2 revenue and profits exceed expectations, but underperformance in key market China drags down tech stocks. Investors closely monitor the upcoming US non-farm payroll data release, with Wall Street anticipating a signal of further economic downturn in July.

Asia-Pacific falls, Europe continues to decline! European stocks open lower across the board, Nasdaq futures down 2%, Intel pre-market down nearly 20%