Business · Markets · 2 hrs ago
Asian Markets Mixed as Technology Shares Face Pressure
Asian stock markets opened mixed on Tuesday, with most markets higher but South Korea’s shares falling sharply.
The South Korean Kospi dropped 3.55%, while the smaller Kosdaq fell 2.53% and Samsung Electronics lost 5% early in trading.
A sell-off in US technology shares weighed on Asian investors: the Nasdaq fell 1.07% on Monday, while the Dow rose 0.41%.
Marvell Technology shares fell about 12% after it announced plans to acquire Lumentum in a deal valued at US$115 billion.
Oracle shares slid 8% after it announced plans to raise US$20 billion through shares and bonds to help fund its artificial intelligence expansion.
Australia’s market rose ahead of a central bank rate decision, while Japan’s market was closed for a national holiday; Hong Kong futures also rose.
Asian markets were mixed on Tuesday, November 3, 2026, as technology shares faced pressure from a sell-off on Wall Street.
Australia’s S&P/ASX 200 opened 0.39% higher, while South Korea’s Kospi fell 3.55%.
Samsung Electronics fell 5% early in trading, and the Kosdaq declined 2.53%.
The Nasdaq Composite fell 1.07% on Monday in the United States, while the Dow Jones Industrial Average rose about 0.41%.
Japan’s stock market was closed for a national holiday.
- Who
- Asian stock markets, including Australia’s S&P/ASX 200 and South Korea’s Kospi and Kosdaq.
- What
- Markets moved in different directions as technology shares came under pressure.
- When
- Tuesday, November 3, 2026; the reported Wall Street moves were on Monday.
- Where
- Across Asian markets, following trading in the United States.
- Why
- A sell-off in technology shares on Wall Street weighed on investor sentiment in Asia.
This story does not have two clearly opposing sides.
The Nasdaq Composite fell 1.07% and the S&P 500 fell 0.51%, while the Dow Jones Industrial Average rose about 0.41%.
Asian markets opened mixed, with South Korea’s Kospi down 3.55% and Australia’s S&P/ASX 200 up 0.39%.
- S&P/ASX 200
- Opened up 0.39%
- Kospi
- Fell 3.55% at the open
- Kosdaq
- Fell 2.53%
- Samsung Electronics
- Fell 5% early in trading
- Nasdaq Composite
- Fell 1.07% on Monday
- Japan
- Stock market closed for a national holiday