Asian markets set to open lower as banking and trade fears take hold

from Japan Nikkei 225 lost 1% in early trading, while the broad-based Topix fell 0.83%.

South Korea’s Kospi fell 0.47%, but the small-cap Kosdaq bucked the trend and climbed 0.15%.

Australia’s S&P/ASX 200 index started the day down 0.6%.

that of Hong Kong Hang Seng Index futures were at 25,862, lower than the HSI’s last close of 25,888.51.

Singapore’s non-oil domestic exports recorded a sharp rebound in September, jumping 6.9% from a year earlier, defying expectations for a 2.1% decline and reversing an 11.3% decline in August.

U.S. stock futures were slightly lower Thursday evening in the United States after the previous session saw a selloff fueled by concerns over regional banks’ lending practices.

In the United States, the Dow Jones Industrial Average lost 301.07 points, or nearly 0.7%, to close at 45,952.24. Earlier in the day, the 30-stock index gained 170 points.

The S&P 500 ended 0.6% lower at 6,629.07, giving up a 0.6% gain at session highs. The Nasdaq Composite fell 0.5% to 22,562.54.

— CNBC’s Liz Napolitano, Pia Singh and Alex Harring contributed to this report.