Asian stock markets struggled after another AI-driven tech selloff on Wall Street, where the Nasdaq ended 1.1% lower. Seoul's SK hynix and Samsung fell around four percent, pulling the Kospi down more than two percent. A plunge of more than seven percent in oil prices failed to lift markets, as investors weighed concerns over huge AI spending, profitability and high borrowing costs. Anthropic reported a more than 1,100% jump in quarterly revenue and nearly $900 billion in spending commitments ahead of its planned Wall Street listing. Attention also focused on US-Iran talks and the upcoming US midterm elections.
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Related tickers and likely impact
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 11/02/2026 | 681.13 |
| Change that session | -1.36% |
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 11/02/2026 | 752.10 |
| Change that session | -0.48% |
NVDA
▼ Likely negativeNvidia
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 11/02/2026 | 202.06 |
| Change that session | -1.26% |
AAPL
▼ Likely negativeApple Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Technology Hardware, Storage & Peripherals |
| Market cap | $5.1T |
| Close on 11/02/2026 | 338.32 |
| Change that session | -1.83% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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