Business · Markets · 1 hr ago
Asian shares fall as chip stocks slide ahead of US earnings and inflation data
Asian shares fell after losses on Wall Street, where chipmakers were among the hardest-hit stocks.
South Korea’s market dropped more than 3%, while SK Hynix shares fell almost 4% after Chinese rival CXMT said it had advanced a memory-chip design.
The weakness comes as investors reassess enthusiasm for artificial intelligence and weigh company spending against higher borrowing costs.
US earnings season begins Tuesday, with Goldman Sachs, JPMorgan Chase, Citigroup and Wells Fargo due to report.
Investors are also waiting for US consumer price data, which could influence the Federal Reserve’s decisions on interest rates.
A stronger-than-expected inflation reading could affect expectations for the Fed’s next move.
In Asia, investors are also watching the Indian rupee after the central bank stepped up efforts to prevent it from weakening beyond 97 per dollar.
Asian shares fell as losses in US chipmakers weighed on investor sentiment ahead of US earnings reports and inflation data.
The MSCI Asia Pacific Index declined 0.3%, while South Korean equities fell more than 3%.
SK Hynix shares dropped almost 4% in early Asian trading after Chinese rival CXMT reported progress on a memory-chip design.
Investors were also watching for the start of US earnings season and this week’s consumer price index reading.
The US earnings season was due to begin Tuesday, with major banks among the first companies scheduled to report.
- Who
- Asian investors and chipmakers, including SK Hynix, were affected.
- What
- Asian shares fell as chip stocks slid ahead of US earnings reports and inflation data.
- When
- The report was published on October 13, 2026; Asian trading was described as early trading.
- Where
- Asian markets, following losses on Wall Street.
- Why
- Weakness in US chipmakers dented sentiment, while investors awaited US earnings and consumer price data.
This story does not have two clearly opposing sides.
A US gauge of chipmakers fell 2.7% and the Nasdaq 100 Index lost 0.7%.
The US earnings season was due to begin, with Goldman Sachs, JPMorgan Chase, Citigroup and Wells Fargo scheduled to report.
Bank of America and Morgan Stanley were due to report.
- MSCI Asia Pacific Index
- Declined 0.3%
- South Korean equities
- Fell over 3%
- SK Hynix
- Shares fell almost 4% in early Asian trading
- US chipmaker gauge
- Fell 2.7% Monday
- US earnings season
- Due to begin Tuesday
What people are saying
The selling pressure across AI-related equities remains a defining feature of the market
Semiconductor stocks have broken below recent trading ranges
This week’s CPI report is likely to be the most important release of data the Fed will see before its October meeting
Sources
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