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Asian Markets Plunge Amid Tech Stock Sell-Off And Crude Oil Concerns
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CNBC Awaaz•19-10-2026, 08:00
Asian Markets Plunge Amid Tech Stock Sell-Off And Crude Oil Concerns
- •Asian stock markets declined on Monday following a sharp drop in US tech stocks on Friday, with Japan's Nikkei falling 2.15 percent and South Korea's Kospi dropping 1.60 percent.
- •Investors are closely watching upcoming corporate earnings from over 70 US companies including Tesla and Meta, alongside heavy spending concerns on Artificial Intelligence.
- •China's CSI 300 index hit its lowest level since August 2025 as markets await the crucial third-quarter GDP data release.
- •Persistent inflation pressures and elevated crude oil prices are adding to global market anxieties ahead of the US Federal Reserve's upcoming interest rate decision.
Key Questions Answered
Asian stock markets fell due to a sharp sell-off in US tech stocks on the preceding Friday, which negatively impacted regional sentiment. Additional pressures stemmed from concerns over heavy corporate spending on Artificial Intelligence, ongoing inflation, and elevated crude oil prices.
Chinese authorities asked companies and government funds to buy shares and advised certain investors to refrain from selling their shares to curb the market decline.
The US Federal Reserve will announce its decision on interest rates on October 28, 2026.
