{
  "id": 14083855,
  "title": "Global Market Today: Asian shares slide as chip stocks tumble; investors eye US earnings, CPI",
  "url": "https://urgent.news/2026/10/13/global-market-today-asian-shares-slide-as-chip-stocks-tumble",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-13T00:42:21.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/us-stocks/news/global-market-today-asian-markets-slide-as-chip-stocks-tumble-investors-eye-us-earnings-cpi/articleshow/134905429.cms"
  },
  "original_language": "en",
  "account": "Asian stocks declined, mirroring Wall Street's losses as US chipmaker weakness dampened investor sentiment before earnings season began. The MSCI Asia Pacific Index fell 0.3%, with South Korean equities slipping over 3%. This followed a 2.7% drop in US chipmaker stocks and a 0.7% decline in the Nasdaq 100 Index. SK Hynix Inc. saw its shares fall almost 4% in early trading after a Chinese rival announced progress on a memory-chip design. Sandisk Corp. and Micron Technology Inc. also dropped, by 6% and 3.9% respectively. Meta Platforms Inc. rose more than 3% despite a decline in the Nasdaq, after unveiling its Muse Wonder AI model.\n\nElsewhere, Brent crude oil slipped 0.6% to about $106 a barrel, while the dollar's strength remained broadly intact. Enthusiasm for AI cooled as investors considered capital spending against rising borrowing costs. The S&P 500 Index, now 120% above its 2022 low, depended on earnings keeping pace with high valuations. Warnings grew around the AI trade, with Broadcom CEO Hock Tan raising concerns about some investors' lack of understanding of their bets. Meanwhile, the US earnings season started, with several major banks and financial firms set to report. Investors would also watch the US consumer price index reading, which could influence the Federal Reserve's next rate hike decision.",
  "summary": "The MSCI Asia Pacific Index declined 0.3% with equities in South Korea slipping over 3%. That came after a US gauge of chipmakers fell 2.7% Monday, while the Nasdaq 100 Index lost 0.7%.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 7,
    "also_reported_by": [
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "South Korea shares fall as Asian stocks decline, tracking US chip losses",
        "url": "https://urgent.news/2026/10/13/south-korea-shares-fall-as-asian-stocks-decline-tracking-us-chip",
        "published": "2026-10-13T01:13:27.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Asian stocks dive as focus on earnings, geopolitics",
        "url": "https://urgent.news/2026/10/13/asian-stocks-dive-as-focus-on-earnings-geopolitics",
        "published": "2026-10-13T01:54:19.000Z"
      },
      {
        "outlet": "Cointelegraph",
        "title": "South Korea moves to block 27 crypto websites, including KuCoin, MEXC",
        "url": "https://urgent.news/2026/10/13/south-korea-moves-to-block-27-crypto-websites-including-kucoin-mexc",
        "published": "2026-10-13T02:41:30.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Asian stocks dive as focus on earnings, geopolitics",
        "url": "https://urgent.news/2026/10/13/asian-stocks-dive-as-focus-on-earnings-geopolitics-14105779",
        "published": "2026-10-13T02:45:03.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "Asian stocks dive as focus on earnings, geopolitics",
        "url": "https://urgent.news/2026/10/13/asian-stocks-dive-as-focus-on-earnings-geopolitics-14102566",
        "published": "2026-10-13T02:46:16.000Z"
      },
      {
        "outlet": "Channel News Asia",
        "title": "South Korea's Lee says country cannot avoid raising interest rates",
        "url": "https://urgent.news/2026/10/13/south-koreas-lee-says-country-cannot-avoid-raising-interest-rates-14112556",
        "published": "2026-10-13T03:57:38.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}