Asian stocks open lower as AI spending doubts hit Wall Street; Kospi, Taiwan shut
CNBC-TV18 1 hr ago·9 Oct 2026, 1:20 am
Asian equity markets opened on the back foot, with South Korea’s Kospi and Taiwan’s main index closing lower, as investors digested fresh doubts over AI‑related spending after a sharp pull‑back on Wall Street.
In the United States, the Nasdaq‑100 slipped about 1.4%, its steepest decline in seven weeks, while a benchmark of U.S. chipmakers dropped roughly 3.4% following a report that OpenAI’s annualised revenue is about $20 billion less than earlier guidance suggested. The gap has sparked concerns that corporate budgets for AI hardware and software may be tighter than expected, pressuring the broader tech sector.
Investors will be watching upcoming earnings from AI‑focused companies, any updated guidance from OpenAI, and macro data that could influence corporate capital‑expenditure trends, as these factors will shape the next move for tech‑heavy indices.
Excerpt from CNBC-TV18
Published On Oct 9, 2026 | 06:50 IST Last Updated On Oct 9, 2026 | 06:50 IST The Nasdaq 100 sank 1.4%, its steepest one-day fall in seven weeks, while a gauge of US chipmakers plunged 3.4% after a report said OpenAI's annualised revenue sits $20 billion below levels it previously signalled. Asian equities opened lower…Read the original at CNBC-TV18
Key takeaways
- Category: Economy.
- AI reads the tone as negative (potentially bearish) for the stock.
- Flagged as a high-impact, market-moving story.
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