NewsWPLG Local 10November 6, 2026Miami-Dade County
Asian stock markets decline following widespread AI-related sell-offs on Wall Street
Photo: WPLG Local 10
Asian stock benchmarks dropped following a steep sell-off of artificial intelligence-related shares on Wall Street. Japan's Nikkei 225 fell 5.7%, South Korea's Kospi dropped 7.4%, and other regional indexes also declined during Friday's trading session.
Read the full story at WPLG Local 10Why It Matters
Global stock values dropped significantly as major technology and artificial intelligence companies faced widespread investor sell-offs.
Key Facts
- Japan's Nikkei 225 index tumbled more than 6% at the open before trading 5.7% lower at 57,576.63 by midday.
- South Korea's Kospi dropped 7.4% to 4,985.99, driven down in part by a 7.9% drop in Samsung Electronics shares.
- Australia's S&P/ASX 200 lost 1.0% to settle at 8,973.00.
- Hong Kong's Hang Seng fell 0.7% to 24,630.03, and the Shanghai Composite dipped 1.3% to 3,642.10.
- Global markets declined due to concerns over high borrowing costs slowing AI data center construction and fears that AI stock prices were in a bubble.
- Toyota and Nintendo stock prices declined following lackluster earnings reports, while Sony Group fell slightly despite strong movie results.
- On Wall Street, the S&P 500 fell 4.4% on Thursday, the Dow Jones Industrial Average sank 1,833 points (3.4%), and the Nasdaq composite tumbled 5.5%.
- U.S. midterm elections resulted in nationwide Democratic victories, raising concerns about potential government pauses on data center construction due to voter pushback over power bills.
- Nvidia shares fell 9.3%, Advanced Micro Devices tumbled 17.3%, CoreWeave fell 9.8%, and GE Vernova sank 7.5%.
- U.S. crude oil added 0.65% to $91.11 a barrel and Brent crude gained 1.4% to $99.73 a barrel amid ongoing energy uncertainties tied to the war with Iran.
- The yield on the 10-year U.S. Treasury fell to 4.84% from 4.90% as investors sought safer assets.
- Fewer U.S. workers applied for unemployment benefits during the previous week.
Who's Mentioned
locationTOKYO“Dateline for the news report”OrganizationNintendo“Company whose stock price fell amid market tumble”OrganizationNvidia“Chip company that fell 9.3%”otherNasdaq composite“U.S. tech-heavy stock index that tumbled 5.5%”PersonYuri Kageyama“Author of the article”locationAustralia“Country whose S&P/ASX 200 index lost 1.0%”otherShanghai Composite“Chinese stock index that dipped 1.3%”locationHong Kong“Location of the Hang Seng index”otherHang Seng“Hong Kong's stock index”otherSpider-Man“Movie whose success drove Sony's results”locationSouth Korea“Country whose Kospi index dropped”locationIran“Country involved in a war affecting global energy uncertainty”PersonStan Choe“AP Business Writer who contributed to the article”OrganizationCoreWeave“Company that rents access to AI chips over the cloud”OrganizationToyota“Japanese automaker that reported lackluster profits”OrganizationSamsung Electronics“Company whose shares shed 7.9% in morning trading”locationWall Street“Financial center where the AI sell-off originated”otherKospi“South Korea's stock index”OrganizationAdvanced Micro Devices“Company whose stock tumbled 17.3%”otherS&P 500“U.S. stock index that fell 4.4%”OrganizationSony Group“Company whose stock fell slightly after reporting booming results”PersonDonald Trump“U.S. President associated with April 2025 Liberation Day tariffs”otherS&P/ASX 200“Australia's stock index”locationJapan“Location of the stock benchmark Nikkei 225”otherNikkei 225“Tokyo's stock benchmark index”OrganizationGE Vernova“Company helping to power data centers”otherDow Jones Industrial Average“U.S. stock index that sank 1,833 points”