Kospi slumps over 3%; Asian stocks fall as chip sell-off deepens
CNBC-TV18 1 hr ago·3 Nov 2026, 1:52 am
Asian markets are under pressure today, with South Korea's main index, the Kospi, leading regional losses by falling more than 3%. The sell-off is being driven by a sharp decline in global technology stocks, specifically a gauge of US chipmakers that has dropped for three consecutive days. This weakness has pushed the Nasdaq 100 into correction territory, raising concerns about the health of the tech sector.
Investors are closely watching the oil market, where prices have dropped significantly on hopes of de-escalating tensions between the US and Iran. While lower oil prices can be positive for energy consumers, the broader focus remains on the tech rout. Despite the gloom in Asia, GIFT Nifty is pointing toward a positive opening for Indian equities, suggesting that domestic markets may decouple from the global trend.
Excerpt from CNBC-TV18
Published On Nov 3, 2026 | 07:22 IST Last Updated On Nov 3, 2026 | 07:22 IST South Korea's Kospi leads regional losses as a gauge of US chipmakers extends its three-day slide to 12%, while the Nasdaq 100 enters correction territory. A sharp fall in oil prices on hopes of US-Iran peace talks offers some relief, while…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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