Asian stocks fell in trading on October 30, 2026, with South Korea’s Kospi down more than 3% as chipmakers declined. US equity futures also weakened following technology earnings and steep after-hours losses for Amazon and Intel.

Key Takeaways

  • The MSCI Asia Pacific Index slipped 0.3%, while Nasdaq 100 futures fell 1.5%.
  • Intel dropped 23% and Amazon lost 7.3% in extended trading after their results.
  • The yen traded near 157.90 per dollar ahead of the Bank of Japan’s rate decision.

Asian stocks follow US technology declines

Samsung Electronics and SK hynix fell as the Kospi led regional losses. Futures for the S&P 500 were down 0.6%, alongside the larger decline in Nasdaq 100 futures.

The moves followed a weaker US session on October 29, when the Nasdaq 100 and Philadelphia Semiconductor Index each fell 1.4% and the S&P 500 slipped 0.3%. More than 400 S&P 500 members nevertheless advanced, indicating that the declines were concentrated in parts of the market.

Earnings put technology spending in focus

Amazon fell 7.3% in extended trading as spending rose and growth in its online business slowed. Intel plunged 23% after issuing a revenue forecast that missed estimates.

In Intel’s third-quarter earnings release, the company reported $16.5 billion in revenue and forecast $15.0 billion to $16.0 billion for the fourth quarter. Chief Financial Officer David Zinsner said the company expected the PC slowdown to continue at least through the first half of 2027.

Greg Boland, a market strategist at Moomoo, said investors were looking for clearer evidence that heavy technology investment would produce profits and cash flow. The market moves followed the earnings releases, though they do not establish a single cause for the declines.

Bonds and currencies ahead of the BOJ

US Treasuries rallied on October 29, with two-year yields falling as much as 10 basis points. Australian sovereign debt followed the Treasury move, while a dollar gauge slipped 0.1% in early trading on October 30.

The yen was slightly weaker at about 157.90 per dollar before the Bank of Japan’s interest-rate decision. In the United States, data released on October 29 showed that the personal consumption expenditures price index rose 0.5% in September from the preceding month.

Next milestone

The Bank of Japan’s interest-rate decision was the next scheduled event for markets to watch.

Read More News

More FinanceVelix news

Disclaimer

This FinanceVelix article provides general information, not personalized financial, investment, legal, or tax advice. Market prices, interest rates and economic conditions can change; investments carry a risk of loss. Facts reflect the material available when published and may change. Check important information independently and consult a qualified professional when needed. Mentioning an asset, company, or service is not an endorsement.