Shanghai — US stock futures fell and Asian shares wobbled on Thursday after a rare revenue warning from Apple added to worry about slowing global growth and weaker earnings. The California-based tech giant blamed fewer iPhone upgrades and slowing sales in China in warning about revenues in its most recent quarter, its first such warning since 2007. Its shares tumbled 8% in after-hours trade. The news sparked a “flash crash” in holiday-thinned currency markets as investors rushed to less risky assets, with the Japanese yen soaring against most major currencies in a matter of seconds. US stock futures pointed to another rough start on Wall Street, with Nasdaq e-mini futures down 2.2% and S&P 500 e-mini futures off 1.3%. MSCI’s broadest gauge of Asia-Pacific shares outside Japan fell 0.4% after an early attempt at a bounce. Japanese markets were closed for holidays but Nikkei futures dropped 1.9%. Shares in China and Hong Kong see-sawed between gains and losses as investors waited for ...
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