Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › Asian Stocks Set to Extend AI Chip-Fueled Selloff: Markets Wrap
Business & Finance

Asian Stocks Set to Extend AI Chip-Fueled Selloff: Markets Wrap

Asian Stocks Set to Extend AI Chip-Fueled Selloff: Markets Wrap
Bloomberg Markets Tuesday 23 June 2026, 22:06 UTC By Toby Alder 1 min read
Key Points

Asian Stocks Set to Extend AI Chip-Fueled Selloff: Markets Wrap Stocks in Asia were poised to extend Tuesday’s losses after a bruising Wall Street tech-led selloff deepened concerns that the AI-driven equity rally has run too far. Equity-index futures for Japan and South Korea all pointed lower, while Hong Kong contracts indicated modest gains. Contracts for US equities edged higher in early Wednesday trading after the tech-heavy Nasdaq 100 tumbled 3.3% and the S&P 500 fell 1.4% on Tuesday.

Asian Stocks Set to Extend AI Chip-Fueled Selloff: Markets Wrap Stocks in Asia were poised to extend Tuesday’s losses after a bruising Wall Street tech-led selloff deepened concerns that the AI-driven equity rally has run too far. Equity-index futures for Japan and South Korea all pointed lower, while Hong Kong contracts indicated modest gains. Contracts for US equities edged higher in early Wednesday trading after the tech-heavy Nasdaq 100 tumbled 3.3% and the S&P 500 fell 1.4% on Tuesday. A closely watched semiconductor gauge — which had more than doubled from its war-driven lows — slumped about 8%.
Asian (ORG) Asia (LOCATION) Japan (LOCATION) South Korea (LOCATION) Hong Kong (LOCATION) US (LOCATION)
Originally published by Bloomberg Markets Read original →

Related Stories

Gold Drops Below $4,100 as Tech-Led Selloff Spurs Liquidation

Gold Drops Below $4,100 as Tech-Led Selloff Spurs Liquidation Gold extended a decline, as a tech-led selloff on Wall Street prompted investors to cut bullion holdings to cover losses elsewhere in their portfolios. Spot gold dropped below $4,100 an ounce, after giving up 1.7% in the previous session for its lowest close in two weeks. Treasuries rallied on Tuesday and a gauge of the dollar rose 0.4%, making gold that’s priced in the US currency more expensive for most buyers.

Bloomberg Markets 14m ago

MSCI keeps South Korea as emerging market, delays Indonesia review amid downgrade risk

Index provider MSCI kept South Korea classified as an "emerging market" in its most recent market accessibility review on Tuesday, while extending its review of Indonesia's status until November. The review disappointed hopes that Seoul could be included in MSCI's Developed Markets watchlist, a crucial step before a market can be upgraded to developed-market status. For Indonesia, the extended review comes after MSCI raised concerns about market accessibility earlier this year and froze the...

CNBC 26m ago

The biggest wealth transfer in history is here: how the next generation will spend the trillions

The largest transfer of wealth in modern history is underway, and the heirs set to inherit trillions of dollars in family fortunes are preparing to use the money very differently from the generations that built it. Over the next two decades, an estimated $83.5 trillion is expected to pass from baby boomers and older entrepreneurs to their children and grandchildren, according to UBS. "The world is entering a historic intergenerational wealth transfer," UBS told CNBC.

CNBC 37m ago

UK Issues Energy Supply Warning as Heat Wave Strains Power Grid

UK Issues Energy Supply Warning as Heat Wave Strains Power Grid The UK’s grid operator issued a rare summer power supply warning for Wednesday evening as soaring temperatures put stress on the energy system. Britain’s grid operator expects a margin shortfall of 1.9 gigawatts and has asked power plant operators to make available any extra capacity they have.

Bloomberg Markets 45m ago