Samsung Drags Kospi Down 3% as Alphabet's Cash Burn Cools Asia's AI Stock Rally
Japanese chip stocks rallied ahead of the BOJ and Hong Kong held flat in morning trade, while Samsung's profit miss and a battery stake sale sank Seoul.
Stocks
Asian Markets
- Indonesian Stocks
Indonesian Stocks Lose 16.7% in October, Their Worst Month Since the March 2020 Crash
A recovery from Friday's morning low left the slide a shade short of March 2020's, while Korea's Kospi fell almost as far in Asia's AI selloff.
- Asian Markets
Kospi Jumps 2.2% and Sensex Gains 1.7% at Monday's Close as Tokyo, Sydney Slip
Seoul and Mumbai led a mixed Asian session on Nov. 2, Shanghai rose as the central bank stepped up support, and Tokyo and Sydney slipped after Friday's Wall Street tech rout.
- Wall Street
Dow Jumps 3% After U.S. Midterms, but a 3.1% Chip Slide Hits Korea and Taiwan Funds
Microsoft and Apple rallied as Nvidia, Micron and TSMC's U.S.-listed shares fell, and Qualcomm and Arm slid after the bell on their quarterly results.
- China Stocks
Hang Seng Rises 1.7%, Shenzhen 4.2% as PBOC Buyback Loan Requests Top 200 Billion Yuan
Chip and AI stocks led the rebound in Hong Kong, Shanghai and Shenzhen, but mainland investors still sold a net HK$3.3 billion of Hong Kong shares through Stock Connect.
- Stocks
Nvidia Stock Swings From 14% Plunge to 4.3% Loss After Huang Resignation
The chipmaker's market value briefly shed about $600 billion, by Capital Times' estimate, before buyers returned. AMD and Broadcom rose while AI cloud stocks sank.
- StocksAnalysis
Jensen Huang Still Holds About $135 Billion of Nvidia Stock After Quitting as CEO
SEC filings show the former chief controls about 811.5 million shares through himself, trusts and LLCs. He has filed no open-market sale since October 2025.
- China Stocks
Hang Seng Falls 5.4% in October as China's CSI 300 Suffers Worst Month Since 2016
Mainland tech shares led the slide, the Shenzhen Component lost almost 16%, and Beijing's regulators were set to meet banks on Monday to discuss support tools.
- Taiwan Stocks
Taiex Falls 5.7% in October as Foreign Investors Sell NT$994 Billion of Taiwan Shares
The index came within 200 points of 50,000 early in the month before an AI spending scare and Fed worries pulled TSMC, MediaTek and Delta lower.
- Australian Stocks
Coles Shares Sink 7.7%, Steepest Fall Since 2020, as Rival Promotions Slow Supermarket Sales
Australia's No. 2 grocer now expects flat first-half supermarket earnings as fuel costs rise and Woolworths wins shoppers with deeper discounts.
- Japan Stocks
Kioxia Shares Sink 16% on Flat Outlook as Tokyo Electron Gains on Buyback, Forecast
Two of Japan's biggest chip stocks split after results: the memory maker guided to a flat quarter while the equipment maker set its first full-year forecast.
- India Stocks
BHEL Shares Jump 6% on Adani Power Orders Worth Up to 280 Billion Rupees
India's state-owned engineer will supply boilers, turbines and generators for eight 800-megawatt units after new orders slowed sharply last quarter.
- Earnings PreviewAnalysis
Nvidia Reports Nov. 17 Without Huang: $108 Billion Guidance and What Wall Street Is Watching
The chipmaker's first results since Jensen Huang's resignation will test its own forecast for 12% sequential growth, with leadership, China and data center orders at the top of analysts' lists.
- Stocks
Nvidia Analysts Cut Targets After Huang Exit; Morningstar Lowers Fair Value 19% to $250
Morningstar, RBC Capital Markets and others marked down their Nvidia valuations after Jensen Huang resigned, while still expecting AI chip demand to hold up into the Nov. 17 results.
- Stocks
AMD Up 30%, Broadcom 24% This Week as Nvidia Drops 11% in Huang Turmoil
Rival chipmakers led a rotation inside the AI trade from Monday through Thursday, while Super Micro fell 11% in a single session and Microsoft slipped.
- Southeast Asian Stocks
Singapore's STI Drops 5.3% in October as Southeast Asian Stocks Slide
Technology counters dragged Singapore's benchmark lower, Thailand and Malaysia slipped, Indonesia plunged and the Philippine index held near one-year lows.
