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Asian Markets Slide As Tech Stocks Plunge, Nikkei Drops 2 Percent.
M
Moneycontrol•19-10-2026, 07:24
Asian Markets Slide As Tech Stocks Plunge, Nikkei Drops 2 Percent.
- •Asian markets faced heavy selling pressure with Japan's Nikkei 225 index dropping 2.15 percent.
- •Investors remained cautious ahead of upcoming corporate earnings and key economic data from China.
- •The downturn follows a sharp sell-off in US tech stocks and ongoing concerns surrounding AI infrastructure spending.
- •Brent crude prices slipped 0.7 percent to trade around 108 dollars per barrel.
Key Questions Answered
Asian markets experienced heavy selling pressure due to Wall Street's tech stock declines. Japan's Nikkei 225 index dropped 2.15%, the broader Topix index fell 1.17%, and South Korea's Kospi decreased by 1.60%.
Chinese authorities urged companies and government funds to purchase shares and restricted certain investors from selling. These actions followed a drop in tech shares that pushed the CSI 300 index to its lowest level since August 2025.
The US Federal Reserve is scheduled to announce its policy decision on October 28. Ahead of this announcement, policymakers implemented a communications blackout, halting direct guidance to traders.
