{
  "id": 14612171,
  "title": "Deepening tech sell-off drags stocks lower as major markets slide",
  "url": "https://urgent.news/2026/10/15/deepening-tech-sell-off-drags-stocks-lower-as-major-markets-slide",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-15T04:19:02.000Z",
  "source": {
    "name": "Euronews",
    "slug": "euronews",
    "url": "https://www.euronews.com/2026/10/15/deepening-tech-sell-off-drags-stocks-lower-as-major-markets-slide"
  },
  "original_language": "en",
  "account": "Asian stock markets experienced a sharp decline on Thursday, in advance of European markets opening on the following day. South Korean and Japanese indexes both suffered heavy losses, as the sell-off of technology shares continued to intensify following the release of hotter-than-anticipated inflation data from the United States.\n\nGlobal equity futures were also down on the same day. In South Korea, the Kospi index fell by 7.7%, settling at 5,548.78, a significant drop from its all-time high in June, which had been driven by heightened optimism around the artificial intelligence revolution.\n\nNotable declines were seen in Samsung Electronics, which plummeted by 9.5%, and SK Hynix, a South Korean memory chipmaker, which saw its shares plunge 11.4%. In Japan, the Nikkei 225 index plummeted by 4.8%, reaching 64,489.06. Tech investor SoftBank Group took a 9.4% hit, while chip equipment manufacturer Tokyo Electron slipped 7.3%, and memory chipmaker Kioxia Holdings suffered an 11.2% decline.\n\nTaiwan's Taiex, which had also benefited from the artificial intelligence boom, fell by 3%. The leading chipmaker in the island, TSMC, dropped 2.2% ahead of its earnings report. Hong Kong's Hang Seng index slipped by 1%, reaching 24,071.25, while the Shanghai Composite index declined by 1.4%, settling at 3,713.22.\n\nAustralian shares, represented by the S&P/ASX 200, saw a slight decline of 0.1%, settling at 8,715.60. The declines followed losses on Wall Street on Wednesday, with the S&P 500 falling by 1.1%, the Dow Jones Industrial Average decreasing by 0.1%, and the technology-heavy Nasdaq composite slipping 1.9% as AI-related stocks fell. Notable among the tech giants, Nvidia dropped 3.2%, Broadcom lost 3.1%, and Advanced Micro Devices, or AMD, saw a 5.7% decline. The US reported a consumer price index rise of 3.7% year-on-year in September, a higher increase than the 3.4% rise in August, and worse than what economists had anticipated.",
  "summary": "A deepening tech sell-off drags Asian stocks lower ahead of Europe’s open as South Korean and Japanese markets sink.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}