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A sharp overnight decline in US technology stocks has sent ripples through Asian markets, with semiconductor-driven unwinds triggering broader risk reductions across regional equity sectors.
A wave of losses hit tech and semiconductor shares across the US and Asia after Democratic midterm victories raised the prospect of regulatory headwinds for AI infrastructure spending.
Major U.S. stock indexes posted steep losses on Thursday amid a broad risk-off move, with the Nasdaq 100 leading the decline as traders dumped positions in chipmakers and artificial-intelligence-related equities.
Wednesday's sharp rally in equities was fueled not only by the Democratic sweep in the 2026 midterms but also by President Trump's public acceptance of the outcome, a move analysts say removes a key source of policy uncertainty from the market.
U.S. stock indices posted broad gains on Wednesday, with the Dow Jones leading the advance as traders priced in a more favorable political backdrop following midterm elections.
U.S. equities ended Tuesday's session in mixed territory, with the S&P 500 and Nasdaq 100 posting gains while the Dow slipped, as strength in chipmakers provided key support for tech-biased benchmarks.
Japan's Nikkei Stock Average opened flat in early trade, with advances in financial and airline equities offsetting losses in technology and pharmaceutical names.
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Taiwan's benchmark equity index has shed over 1,800 points across two consecutive trading days, leaving the market hovering near the 45,200 level and setting the stage for a potential third losing session on Monday.
A broad tech-led sell-off that weighed on global equities late last week lost momentum in early Monday sessions, with Asian markets underperforming less severely than their US counterparts and US stock futures ticking higher. Crude oil, meanwhile, continued its slide.
Major US stock indices suffered a sharp Friday session, with the Nasdaq 100 dropping over 3.4% as weakness in Intel and Amazon shares, compounded by a reported crypto heist, drove a risk-off tone across the board.
Soybean front-month contracts posted modest gains of five to seven and a quarter cents by midday Friday, supported by light export-related business and minimal delivery activity on the November contract.
Brazil's 80-year-old Lula da Silva narrowly defeats Senator Flávio Bolsonaro in a split runoff, triggering a sharp selloff in Brazilian equities.
