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Nasdaq Slide Clouds Asian Open, Oil Falls on Iran: Markets Wrap

Bloomberg Markets Monday 02 November 2026, 22:25 UTC By Toby Alder 1 min read
Key Points

Nasdaq Slide Clouds Asian Open, Oil Falls on Iran: Markets Wrap Asian technology stocks looked set for losses Tuesday after a selloff in US chipmakers deepened, overshadowing a plunge in oil prices on hopes for diplomatic progress toward ending the war in Iran. Equity-index futures for Japan and South Korea, both heavily exposed to technology, pointed lower, while contracts for Australia advanced.

Nasdaq Slide Clouds Asian Open, Oil Falls on Iran: Markets Wrap Asian technology stocks looked set for losses Tuesday after a selloff in US chipmakers deepened, overshadowing a plunge in oil prices on hopes for diplomatic progress toward ending the war in Iran. Equity-index futures for Japan and South Korea, both heavily exposed to technology, pointed lower, while contracts for Australia advanced. In the US, a gauge of chipmakers extended a three-day rout to 12% and the Nasdaq 100 sank 10% from its peak, entering a technical correction. The S&P 500 Index fell by 0.5%.
Iran (LOCATION) Asian (ORG) US (LOCATION) Japan (LOCATION) South Korea (LOCATION) Australia (LOCATION)
Originally published by Bloomberg Markets Read original →

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