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Kospi slumps nearly 4%; Asian markets fall as AI stocks extend losses

Grade Sbearish AI signal$KOSPI$NDX$SPX$005930$000660$N225$WTI$BRENT
Asian equities extended their technology selloff as disappointing U.S. corporate earnings intensified concerns that massive AI investments may not deliver sufficient returns, sending South Korea's Kospi down 3.96%. Nasdaq 100 futures fell 1.5%, while Intel plunged 23% after its revenue forecast missed expectations and Amazon dropped 7.3% in extended trading. Continued doubts about AI profitability could deepen pressure on technology stocks, although rising geopolitical risks may support further gains in crude oil.

Bullish strength: 30/100

  • Brent crude traded above $115 per barrel amid Middle East supply disruption risks.
  • More than 400 S&P 500 constituents advanced as investors rotated away from technology stocks.

Bearish strength: 70/100

  • South Korea's Kospi fell 3.96%, while Taiwan's TAIEX declined 3.19%.
  • Nasdaq 100 futures dropped 1.5% and S&P 500 futures lost 0.6%.
  • Intel plunged 23% after its revenue forecast missed expectations.
  • Amazon fell 7.3% in extended trading amid increased spending and slower online business growth.
  • Alphabet recorded its biggest-ever one-day share decline.
  • The Philadelphia Semiconductor Index dropped 1.4% as AI-related technology stocks remained under pressure.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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