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few huge market swingsVOA
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76% Informative
Japan 's main index plunged more than 12% , its worst day since 1987 .
S&P 500 futures are down 3.1% and Nasdaq futures are sinking 4.7% .
Investors are fleeing the Big Tech names that until recently had powered the U.S. market higher: Apple fell more than 7% and Meta was down 6% in premarket trading.
Hong Kong's Hang Seng index lost 2.2% to 16,579.97 and the S&P/ASX 200 in Australia declined 3.7% to 7,649.60 .
The Shanghai Composite index edged higher but then gave way, losing 1.5% to 2,862.56.
Investors will be watching for data on the U.S. services sector from the Institute for Supply Management .
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