Asian technology stocks fell sharply on Friday as fears over a slowing AI trade were amplified by weak earnings from major U.S. companies. Chipmakers were hit hardest: TSMC fell 1.8% in Taiwan, Foxconn dropped 3%, Samsung Electronics slid 5.9% after its third-quarter results missed lofty expectations, and SK Hynix fell 8.3%. In Japan, Murata Mfg slid 11% ahead of its September-quarter earnings and SoftBank Group dropped nearly 7%. Intel's drop of over 20% on Thursday evening, after its fourth-quarter guidance underwhelmed, weighed on the sector, while disappointing results from Amazon and Alphabet intensified doubts over returns on AI infrastructure spending. The Bank of Japan kept rates steady but said inflation had reached its 2% target and signaled a sharp increase in sales of its ETF holdings, adding pressure on Japanese equities.
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artificial intelligencesemiconductorsAsiaJapanNVDA
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Related tickers and likely impact
NVDA
▼ Likely negativeNvidia
Relevance: high
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/29/2026 | 213.72 |
| Change that session | -0.77% |
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: high
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/29/2026 | 715.33 |
| Change that session | -1.42% |
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/29/2026 | 769.53 |
| Change that session | -0.36% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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