Stories
Asian Stocks Slide Amid Oil, Inflation Fears and Tech Selloff as Nikkei Drops
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CNBC TV18•08-10-2026, 06:59
Asian Stocks Slide Amid Oil, Inflation Fears and Tech Selloff as Nikkei Drops
- •Asian equities edged lower following Wall Street's retreat, driven by surging oil prices and a renewed tech selloff.
- •Japan's Nikkei 225 dropped 1.12% and South Korea's Kospi lost 0.56% as regional markets faced broad declines.
- •Samsung Electronics reported record profit that fell short of analyst estimates, causing its shares to fluctuate.
- •Rising oil prices and persistent inflation concerns added pressure on investors while US Federal Reserve tightens monetary policy.
- •Brent crude climbed to around $101.20 a barrel amid geopolitical risks and potential supply disruptions.
Key Questions Answered
Asian equities edged lower following Wall Street's retreat as high oil prices fueled inflation fears and investors sold off technology shares.
Japan's Nikkei 225 dropped 1.12%, while the broader Topix index fell 1.42% as regional markets led the declines.
All 19 Federal Reserve officials backed lifting the target range for the benchmark rate to 3.75%–4% following signs of economic recovery.
