{
  "id": 17753613,
  "title": "Asian shares mostly advance but tech stocks remain volatile, while oil sinks 3.3%",
  "url": "https://urgent.news/2026/11/02/asian-shares-mostly-advance-but-tech-stocks-remain-volatile-while-oil",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-02T05:33:07.000Z",
  "source": {
    "name": "Winnipeg Free Press",
    "slug": "winnipeg-free-press",
    "url": "https://www.winnipegfreepress.com/business/2026/11/02/asian-shares-mostly-advance-but-tech-stocks-remain-volatile-while-oil-sinks-3-3"
  },
  "original_language": "en",
  "account": "Asian shares experienced mostly gains on Monday, although technology stocks remained unstable, while oil prices plummeted by more than 3%, according to the Associated Press. The tech sector faced volatility as investors grew concerned about the artificial intelligence boom potentially turning into a bubble. U.S. futures ticked upward after Wall Street witnessed its worst day since June, with investors offloading AI-related and technology stocks. Japan’s Nikkei 225 pulled back slightly, ending the day at 63,218.02 following some major tech names' declines. Tech-oriented OpenAI investor SoftBank Group fell by 1.8%, and South Korean memory chipmaker Kioxia Holdings dropped roughly 14% due to disappointing earnings forecasts. Meanwhile, South Korea's Kospi index rose 2.3% to 5,859.83, while Samsung Electronics and memory chip company SK Hynix saw gains of 1.7% and 4.2%, respectively. The Nikkei 225 has declined over 6% in the past month, and the Kospi dropped more than 16% over the same period. Taiwan’s Taiex slipped by 0.2%, with chipmaker TSMC shedding 1.5%. Hong Kong's Hang Seng gained 0.6% to 23,437.41. Despite China reporting that its factory activity contracted in October, the Shanghai Composite index rose 1.2% to 3,640.93. The country's central bank and regulatory body were set to meet with financial institutions on Monday to discuss supporting the capital market, according to Chinese media reports. In Australia, the S&P/ASX 200 declined 0.6% to 8,851.40. Investors closely watched the U.S. midterm elections, as voters expressed growing concerns about AI, data centers, inflation, and other pressing issues. Oil prices fell more than 3%, with Brent crude, the global benchmark, sliding 3.3% to $109.66 per barrel, and U.S. crude dropping 3.3% to $100.64 a barrel. Iran's top diplomat claimed that Iranian negotiators were in Qatar for talks on reopening the Strait of Hormuz, but no direct talks with the U.S. were being held.",
  "summary": null,
  "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."
}