Asia-Pacific markets open mixed after OPEC shock, tech jitters drag Wall Street lower

asia-pacific markets opened mixed wednesday after wall street dropped overnight. the s&p 500 fell 0.49% to 7,138.80, the nasdaq lost 0.9% to 24,663.80, and the dow slipped 25.86 points to 49,141.93. two things drove the selloff. the uae will exit opec on may 1 — a major blow to the oil cartel. and the wall street journal reported openai's revenue and user growth missed internal targets. cfo sarah friar told leadership she's worried openai may not be able to pay computing contracts if revenue doesn't pick up. in asia, south korea's kospi lost 0.39%, australia's asx 200 fell 0.28%, and china's csi 300 dropped 0.26%. hong kong's hang seng added 1.2%. japan was closed for a holiday. s&p 500 futures edged up 0.1% and nasdaq 100 futures rose 0.2%. traders are waiting on earnings from four of the "magnificent seven" stocks and what could be powell's final fed meeting.