Asian shares rise, S&P 500 and Nasdaq futures up after tech sell-off, Brent oil drops 3%

Asian equity markets and US stock futures started the week higher, rebounding from last week’s sharp decline in technology stocks. Market sentiment stabilized as expectations increased for Chinese authorities to introduce measures to bolster capital markets, while the recent drop in oil prices provided further support for risk appetite. The positive turn in Asian markets followed significant losses on Wall Street last Friday. The Nasdaq 100 Index tumbled 3.5%, marking its worst session since June. The Philadelphia Semiconductor Index fell even more sharply, losing 7.2% in a single day. On Monday, S&P 500 and Nasdaq 100 futures both rose 0.5%.