Tech shares fell across Asia on October 30, 2026, following disappointing earnings from major US companies and renewed investor concerns about spending on artificial intelligence. South Korea’s SK hynix dropped almost 9%, while Samsung lost more than 6% during Friday trading.

Key Takeaways

  • South Korea’s market fell more than 5%, while Tokyo and Taipei also declined.
  • Amazon’s results missed profit and revenue expectations, and Intel’s earnings forecast fell short of estimates.

Tech shares extend US losses

The Asian declines followed a selloff in US technology stocks. Alphabet fell more than 12%, while Amazon dropped more than 7% in after-hours trading after losing more than 4% before the close. Intel fell 23%, and the Nasdaq finished down more than 1%.

In Japan, Kioxia and Advantest each lost more than 9%, while SoftBank fell around 7%. Taiwan’s TSMC declined more than 1%. The broader Seoul market dropped more than 5%, Tokyo more than 2% and Taipei more than 3%.

Earnings and AI spending in focus

Amazon’s quarterly profit and revenue missed analyst expectations. Intel’s expected income also fell short of estimates amid weak PC processor demand and supply-chain problems. Alphabet had reported softer advertising and search revenue growth while saying it would increase capital spending.

Intel’s fourth-quarter outlook projected revenue of $15 billion to $16 billion and adjusted earnings of $0.25 per share. The company’s finance chief said he expected the PC slowdown to continue at least through the first half of the following year.

Anna Wu of Floodlines Research said the concern was not that AI demand had already slowed, but that higher funding costs and credit risk could eventually cause major cloud providers to slow their infrastructure build-out. That is a risk assessment, not a confirmed cause of the share-price moves.

Chip losses follow strong SK hynix results

The drop in SK hynix shares came two days after the memory-chip maker reported that third-quarter operating profit had risen 632% from a year earlier. The contrasting result and share move illustrate that strong reported growth did not prevent the stock from falling in the wider retreat.

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.