Asian Markets Hit Hard by US Tech Stock Decline

Nov 6, 2026

56 min

Nov 6, 2026 01:31

Shares plunge in Tokyo, Seoul after US tech rout

## Market Overview

Asian stock markets experienced significant declines following a sharp drop in US tech stocks. Concerns over potential regulatory changes impacting AI investments contributed to the downturn.

## Tokyo and Seoul Impact

In Tokyo, the Nikkei 225 index fell by 5.1%, reaching 56,930 points. Meanwhile, Seoul's Kospi index plunged 8.5% to 4,923, triggering a temporary halt in trading.

## US Tech Influence

The US tech sector, particularly the Nasdaq, faced a substantial sell-off. The index dropped 5.5%, marking its worst performance since April 2025. Major semiconductor companies like Nvidia were notably affected.

## South Korean Tech Stocks

South Korean tech giants also suffered, with Samsung Electronics and SK hynix experiencing significant losses of nearly 10% and over 11%, respectively.

## Japanese Tech Sector

In Japan, chip-related stocks were hit hard. Tokyo Electron saw a decline of around 9%, while Kioxia's shares fell by 13%.

## Broader Concerns

The recent Democratic victory in US midterm elections has raised fears of stricter regulations on AI technologies, potentially slowing down data center construction projects globally. This has led to widespread market anxiety, particularly in the tech sector.

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