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Asian markets slump on US tech earnings

Asian markets tumbled on Oct. 30 as U.S. big tech earnings and concerns over AI investment returns triggered selling. Korea's KOSPI fell 3.48% (or 3.5%), barely holding the 5,700 level, after opening 2.99% lower and dropping over 5% late Friday morning, led by heavy losses in Samsung Electronics and SK hynix. Japan's Nikkei fell 2%, and Taiwan's market also declined, with semiconductor and AI-related stocks hit hardest, according to Maeil Business Newspaper. Foreign investors dumped 1.6 trillion won, per Hankyung. The selloff was driven by U.S. tech losses, Fed tightening worries, and doubts about AI investment sustainability, as reported by Korea Times and Business Korea. Korean media and analysts are framing this as a 'global tech rout' testing the AI boom, with attention on upcoming Amazon, Microsoft, and Alphabet earnings.

  1. KOSPI falls 3.48% as US tech earnings fuel AI investment concerns Korea Times · 2026-10-30
  2. [Closing Market] KOSPI Plunges 3.5%, Barely Holding 5,700 Level Amid Global Tech Rout Business Korea · 2026-10-30
  3. Seoul stocks down over 5% late Fri. morning on tech losses amid AI concerns Korea Times · 2026-10-30
  4. 코스피 3%·닛케이 2% 뚝 … 亞증시 '휘청' 매일경제 · 2026-10-30
  5. "외국인 1.6조 던졌다"…미국서 날아온 악재에 '비명' 한국경제 · 2026-10-30
  6. Big Tech earnings to test AI boom amid market turmoil Korea Times · 2026-10-28

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