Stories
Asian Stocks Plunge Amid Tech Rout And China Data
- •Asian equities dropped sharply on Monday following Wall Street's technology-led rout and ahead of major corporate earnings and Chinese economic data.
- •Japan's Nikkei 225 took the heaviest hit, falling 2.15 percent, while South Korea's Kospi declined by 1.60 percent.
- •Traders closely monitored Chinese markets following recent government measures aimed at propping up shares and preventing a deeper tech slump.
- •Over 70 S&P 500 companies, including Tesla and Meta Platforms, are scheduled to report earnings this week, bringing artificial intelligence investments back into focus.
- •Oil prices eased slightly with Brent crude near 108 dollars a barrel, though persistent inflation and elevated bond yields continue to weigh on investor sentiment.
Key Questions Answered
Asian equities fell as investors carried Wall Street's technology-led rout into the new week while bracing for heavy earnings and Chinese economic data. Japan's Nikkei 225 dropped 2.15%, the broader Topix lost 1.17%, South Korea's Kospi shed 1.60%, and India's GIFT Nifty predicted an opening in the red.
Sentiment was weighed down by a tech rout, Chinese economic data, earnings reports, doubts over whether massive AI infrastructure spending will yield sufficient returns, and elevated bond volatility. Persistent fuel and food inflation also pressured central banks, while Brent crude hovered near $108 a barrel.
Ukrainian President Volodymyr Zelenskyy accused US President Donald Trump of trying to push Kyiv into surrendering to Russia, escalating a week-long row between the two leaders. Trump rejected the framing, stating on social media that he is negotiating peace to avoid driving Russia away from the bargaining table.
