{
  "id": 14620684,
  "title": "Asian markets fall on tech stock rout as high US inflation weighs on Wall Street",
  "url": "https://urgent.news/2026/10/15/asian-markets-fall-on-tech-stock-rout-as-high-us-inflation-weighs-on-14620684",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-15T04:59:24.000Z",
  "source": {
    "name": "The National UAE",
    "slug": "the-national-uae",
    "url": "https://www.thenationalnews.com/business/markets/2026/10/15/asian-markets-fall-on-tech-stock-rout-as-high-us-inflation-weighs-on-wall-street/"
  },
  "original_language": "en",
  "account": "Asian markets experienced a significant decline on Thursday, driven by substantial losses in AI-related stocks following a sharp drop on Wall Street. The concerns surrounding increased competition and profit growth within the chip sector exacerbated the situation. South Korea's Kospi index dropped over 7%, while Japan's Nikkei 225 index fell by 5.12% by midday local time. Hong Kong's Hang Seng index experienced a 1% decrease, and China's Shanghai Composite Index declined by 1.75%.\n\nThe International Monetary Fund highlighted the heavy reliance of the Asia region on the AI boom, noting that strong global demand for semiconductors, AI infrastructure, and related technology products has bolstered exports and investments, especially in economies integrated into technology supply chains. However, the IMF cautioned that a correction in AI-related investments or asset valuations could disproportionately impact Asia due to its central role in global technology supply chains.\n\nThe recent decline in US stocks was largely attributed to the higher-than-expected consumer price inflation in September, which rose to 3.7% on an annual basis. This was well above the 3.6% forecast for September and August's 3.4%. Core inflation also surpassed expectations, standing at 2.6% year-on-year. The risk of a potential rate hike by the US Federal Reserve, driven by the US inflation data, contributed to heightened market volatility.",
  "summary": "Asian markets fell on Thursday, as artificial intelligence-related stocks plunged after a drop on Wall Street, fuelled by concerns about rising competition and profit growth in the chips sector. South Korea's Kospi slumped more than 7 per cent, while Tokyo’s Nikkei 225 index was down 5.12 per cent at midday local time on Thursday. Hong Kong's Hang Seng index dropped by 1 per cent, while China's…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "The Block",
        "title": "Bitcoin drops below $81,000 as risk-off sentiment weighs on Asian equities",
        "url": "https://urgent.news/2026/10/15/bitcoin-drops-below-81-000-as-risk-off-sentiment-weighs-on-asian",
        "published": "2026-10-15T04:38:48.000Z"
      },
      {
        "outlet": "The National Business",
        "title": "Asian markets fall on tech stock rout as high US inflation weighs on Wall Street",
        "url": "https://urgent.news/2026/10/15/asian-markets-fall-on-tech-stock-rout-as-high-us-inflation-weighs-on",
        "published": "2026-10-15T04:59:24.000Z"
      }
    ]
  },
  "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."
}