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Asian stock markets are expected to weaken, following the sharp sell-off on Wall Street last Friday. Technology stocks have plummeted, fueling market concerns that the current round of gains in the artificial intelligence sector is already overheated; oil prices are falling at the same time. Japan and South Korea stock index futures declined, and the Australian stock market opened lower. There was a slight easing, and US stock futures rose slightly during the Asian morning session. On Friday, tech companies' earnings fell short of expectations, triggering Wall Street's worst sell-off since June: the NASDAQ 100 plummeted 3.5% and briefly entered a technical correction range. Intel recorded its biggest one-day decline in more than four decades; the S&P 500 fell 1.8%, falling below the 100-day EMA; and the Philadelphia Semiconductor Index plummeted 7.2%. Brent crude fell 1.7% to around $111.60 a barrel in early Monday trading. Traders assessed that the US may take another military action against Iran, and there is a risk that supply to the Middle East will be interrupted. Gold rebounded after closing at over a year's low last Friday, rising 0.6% to around $3,900 an ounce. At the same time, the US dollar has split between ups and downs among G10 currencies.

Zhitongcaijing·11/01/2026 23:33:05
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Asian stock markets are expected to weaken, following the sharp sell-off on Wall Street last Friday. Technology stocks have plummeted, fueling market concerns that the current round of gains in the artificial intelligence sector is already overheated; oil prices are falling at the same time. Japan and South Korea stock index futures declined, and the Australian stock market opened lower. There was a slight easing, and US stock futures rose slightly during the Asian morning session. On Friday, tech companies' earnings fell short of expectations, triggering Wall Street's worst sell-off since June: the NASDAQ 100 plummeted 3.5% and briefly entered a technical correction range. Intel recorded its biggest one-day decline in more than four decades; the S&P 500 fell 1.8%, falling below the 100-day EMA; and the Philadelphia Semiconductor Index plummeted 7.2%. Brent crude fell 1.7% to around $111.60 a barrel in early Monday trading. Traders assessed that the US may take another military action against Iran, and there is a risk that supply to the Middle East will be interrupted. Gold rebounded after closing at over a year's low last Friday, rising 0.6% to around $3,900 an ounce. At the same time, the US dollar has split between ups and downs among G10 currencies.