{
  "id": 16160581,
  "title": "SK Hynix, Samsung fall as Asian tech sell-off deepens and crude oil extends gains",
  "url": "https://urgent.news/2026/10/23/sk-hynix-samsung-fall-as-asian-tech-sell-off-deepens-and-crude-oil",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-23T00:57:36.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/sk-hynix-samsung-fall-asian-tech-sell-deepens-and-crude-oil-extends-gains"
  },
  "original_language": "en",
  "account": "Asian technology stocks fell sharply as a broad sell-off in tech shares deepened across markets. The MSCI Asia Pacific equities gauge hit its lowest close since late July. South Korea's Kospi Index fell 1.5%, potentially its worst since April. Samsung Electronics and SoftBank were among the tech-related stocks that retreated. MSCI's Asia Pacific equities gauge fell to a low not seen since late July. S&P 500 futures were essentially unchanged at 12.28 pm Tokyo time. Japan's Topix slipped 1.8%, while Australia's S&P/ASX 200 fell 0.2%. Hong Kong's Hang Seng rose 0.5%, while the Shanghai Composite decreased 1.1%. Sentiment appeared to stabilize as Nasdaq 100 futures edged up 0.1%. Investors rotated into bonds and currencies such as the yen, seen as safe havens in times of crisis. The 10-year Treasury yield held recent gains, trading at 4.96%. Investors worried that the AI boom might be ending, with concerns about how AI companies would fund their investments. The technology sector's decline provided a boost for defensive sectors like utilities and healthcare, which saw gains in the US. Some investors viewed the downturn as a buying opportunity, especially in semiconductor stocks. Meanwhile, credit spreads on US dollar bonds of higher-rated Asian companies widened to their highest since July.",
  "summary": "Sector rout sends the broader MSCI Asia Pacific equities gauge to its lowest close since late July",
  "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."
}