Asian shares were mostly lower on Friday after a fresh slump in AI stocks, with Japan's Nikkei 225 down 1.7% to 61,825.26 and South Korea's Kospi down 2.4%. In the U.S., the S&P 500 fell 1.2% on Thursday and the Nasdaq composite dropped 2.6%, the S&P's worst day since July, even though most U.S. stocks rose; Nvidia fell 4.4%, Meta 7% and CoreWeave 10.1%. Investors have worried that the AI boom is under threat from the high cost of borrowing for data centers and chips, and that prices rose too high during a years-long frenzy. Brent crude was up 0.5% at $113.73 a barrel early Friday after a 4% jump on Thursday, amid uncertainty over when the war with Iran will end, while the 10-year Treasury yield fell to 4.97% from 5.13% as investors sought safer assets.
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NVDAMETAoil pricesartificial intelligenceAsia
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Related tickers and likely impact
NVDA
▼ Likely negativeNvidia
Relevance: high
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/22/2026 | 212.28 |
| Change that session | -4.36% |
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: high
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/22/2026 | 704.59 |
| Change that session | -2.84% |
GOOGL
▼ Likely negativeAlphabet Inc. (Class A)
Relevance: high
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $4.3T |
| Close on 10/22/2026 | 324.21 |
| Change that session | -3.15% |
META
▼ Likely negativeMeta Platforms
Relevance: high
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.9T |
| Close on 10/22/2026 | 648.91 |
| Change that session | -6.97% |
MSFT
▼ Likely negativeMicrosoft
Relevance: high
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Systems Software |
| Market cap | $4.0T |
| Close on 10/22/2026 | 521.58 |
| Change that session | -2.13% |
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: high
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/22/2026 | 764.02 |
| Change that session | -1.17% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
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Asian shares were mostly lower on Friday after another sell-off in AI stocks pushed the S&P 500 to its worst day since July. On Thursday, the S&P 500 fell 1.2% and the Nasdaq dropped 2.6%, though most U.S. stocks rose; Nvidia fell 4.4%, CoreWeave dropped 10.1% and Meta lost 7% despite stronger-than-expected quarterly revenue. Concerns over the cost of borrowing to build data centers and buy AI chips have made AI stocks volatile. Brent crude rose to $113.73 per barrel, its highest since May, amid worries about the war with Iran. The yield on the 10-year Treasury fell to 4.97% from 5.13% as investors sought safer assets.
- Asian shares slip as sharp drops for AI stocks overwhelm markets worldwide and oil prices jump – Winnipeg Free Press
Asian shares mostly fell after a fresh slump in artificial-intelligence stocks weighed on markets worldwide, while oil prices rose to their highest since May on worries about the war with Iran. Tokyo's Nikkei 225 lost 1.7% to 61,825.26, South Korea's Kospi fell 2.4%, and Hong Kong's Hang Seng gained 0.2%. On Thursday, the S&P 500 fell 1.2% and the Nasdaq composite tumbled 2.6%, though most U.S. stocks rose. Nvidia dropped 4.4% and CoreWeave fell 10.1% over debt worries, while the 10-year Treasury yield eased to 4.97% from 5.13%.
- Asian shares slip as sharp drops for AI stocks overwhelm markets worldwide and oil prices jump
- Asian shares slip as sharp drops for AI stocks overwhelm markets worldwide and oil prices jump
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