Russia Stocks End Flat as Energy and Retail Shares Show Mixed Performance 
Hong Kong Cuts Base Rate as HKMA Follows U.S. Federal Reserve Move 
Gold Prices Hold Firm as Markets Await Fed Rate Cut; Silver Surges to Record High 
S&P 500 Slides as AI Chip Stocks Tumble, Cooling Tech Rally 
Asian Currencies Steady as Fed Delivers Hawkish Rate Cut; Aussie and Rupee Under Pressure 
Mexico Moves to Increase Tariffs on Asian Imports to Protect Domestic Industries 
US Signals Openness to New Trade Deal as Brazil Shows Willingness, Says USTR Greer 
Fed Rate Cut Signals Balance Between Inflation and Jobs, Says Mary Daly 
Brazil Holds Selic Rate at 15% as Inflation Expectations Stay Elevated 
Global Markets Slide as Tech Stocks Sink, Yields Rise, and AI Concerns Deepen 
Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
ADB Approves $400 Million Loan to Boost Ease of Doing Business in the Philippines 
Asian Stocks Rally as Tech Rebounds, China Lags on Nvidia Competition Concerns 
Japan Weighs New Tax Breaks to Boost Corporate Investment Amid Spending Debate 
Oil Prices Rebound in Asia as Venezuela Sanctions Risks Offset Ukraine Peace Hopes 
Asian Stocks Slip as Oracle Earnings Miss Sparks AI Profitability Concerns 
Gold Prices Dip as Markets Absorb Dovish Fed Outlook; Silver Eases After Record High 
Asian chipmaking and technology stocks tumbled sharply on Wednesday, tracking heavy overnight losses in U.S. markets as investors grew increasingly wary of an artificial intelligence (AI)-driven market bubble.
South Korea’s KOSPI led regional declines, dropping as much as 6% as major tech firms SK Hynix Inc. (KS:000660) and Samsung Electronics Co. Ltd. (KS:005930) each shed nearly 6%. Taiwan Semiconductor Manufacturing Co. (TW:2330), a key player in the global AI supply chain, fell around 3%, while Hon Hai Precision Industry Co. Ltd. (TW:2317) dropped 1.8%.
Japan’s Nikkei 225 slumped 4.5%, dragged down by tech losses. SoftBank Group Corp. (TYO:9984) plunged nearly 14%, while Advantest Corp. (TYO:6857) and Lasertec Corp. (TYO:6920) sank 9.7% and 8.5%, respectively. Hong Kong’s Hang Seng Index slipped 1.1%, with Semiconductor Manufacturing International Corp. (HK:0981) losing 2.5%, and tech heavyweights Alibaba Group (HK:9988), Baidu Inc. (HK:9888), and Tencent Holdings Ltd. (HK:0700) sliding between 1% and 3%.
The selloff followed warnings from Wall Street executives at Morgan Stanley and Goldman Sachs about inflated valuations in the tech sector. Investor Michael Burry, known for predicting the 2008 financial crisis, also shorted AI leaders NVIDIA Corp. (NASDAQ:NVDA) and Palantir Technologies Inc. (NASDAQ:PLTR), adding to the bearish sentiment.
Wall Street’s NASDAQ Composite fell 2% overnight, with positive earnings from Palantir and AMD (NASDAQ:AMD) doing little to calm nerves. Investors grew uneasy as Meta and Microsoft’s soaring AI-related capital expenditures failed to deliver proportional returns, squeezing profit margins.
Concerns over circular AI financing intensified after NVIDIA announced a $100 billion investment in OpenAI—a major buyer of its chips—fueling fears of an overheated market. With NVIDIA’s earnings due on November 19, traders now await fresh signals that could determine the next major move in global tech stocks.
