Asia markets slide as tech sell-off deepen

News Image

MG News | November 21, 2025 at 10:01 AM GMT+05:00

0:00

November 21, 2025 (MLN):  Asia markets dropped sharply on Friday as a tech-led sell-off in the U.S. and fading expectations of a December Federal Reserve rate cut weighed on investor sentiment.

Japan’s Nikkei 225 sank 1.57% at the open, with the Topix down 0.72%. Tech losses were steep, led by SoftBank, which plunged more than 10%.

Chip-related names also slid, with Advantest tumbling over 9%, Tokyo Electron nearly 6%, Lasertec almost 5%, and Renesas Electronics down close to 2%, CNBC reported.

Fresh data showing Japan’s core inflation rising at its fastest pace since July strengthened expectations for future Bank of Japan rate hikes.

South Korea’s Kospi plummeted 4.09%, and the Kosdaq dropped 3.01%, pressured by heavy declines in Samsung Electronics and SK Hynix, which slid around 4% and 9%, respectively. Australia’s S&P/ASX 200 lost 1.3%.

Hong Kong markets also opened lower, with the Hang Seng Index down 1.88% and the Hang Seng Tech Index falling 2.33%.

 Major tech names retreated: Baidu slid 6%, Xiaomi dropped 4.51%, and Tencent fell 2.25%. EV makers weakened as well, with BYD down 2.68%, Nio off nearly 6%, and Li Auto losing around 2%. The mainland’s CSI 300 slipped 1.13%.

India’s markets saw more modest declines, with the Nifty 50 down 0.1% and the Sensex 0.33% lower at the open.

Cryptocurrencies also faced pressure. Bitcoin dropped 0.91% to $85,550, its lowest level in seven months, while ether hit its weakest point since July before partially recovering to trade 1.08% lower at $2,802.81.

The global risk-off tone followed a reversal in U.S. markets on Thursday, where early tech strength gave way to losses. Nvidia erased gains to close nearly 3% lower, while other AI-related stocks such as Oracle and AMD also turned negative.

 Stronger-than-expected U.S. jobs data fueled doubts about an imminent Fed rate cut, with traders pricing only about a 40% chance of a December move.

By the close, the Nasdaq Composite had fallen 2.16% after briefly surging 2.6%. The Dow slid 0.84%, and the S&P 500 dropped 1.56% despite earlier climbing as much as 1.9%.

 

Copyright Mettis Link News

 

 

 

Related News

Name Price/Vol %Chg/NChg
KSE100 155,858.48
232.66M
-0.20%
-318.64
ALLSHR 93,385.83
437.37M
-0.25%
-237.26
KSE30 47,851.52
125.11M
-0.40%
-191.53
KMI30 223,719.09
107.59M
-0.60%
-1350.50
KMIALLSHR 60,541.53
227.24M
-0.53%
-324.48
BKTi 45,022.52
54.66M
-0.18%
-79.74
OGTi 32,464.35
8.69M
-1.99%
-658.12
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 69,595.00 70,440.00
69,520.00
-600.00
-0.85%
BRENT CRUDE 91.07 92.98
86.24
3.27
3.72%
RICHARDS BAY COAL MONTHLY 99.40 0.00
0.00
-10.20
-9.31%
ROTTERDAM COAL MONTHLY 121.00 0.00
0.00
-0.85
-0.70%
USD RBD PALM OLEIN 1,083.50 1,083.50
1,083.50
0.00
0.00%
CRUDE OIL - WTI 86.92 88.99
81.79
3.47
4.16%
SUGAR #11 WORLD 14.47 14.53
14.34
0.09
0.63%

Chart of the Day


Latest News
March 11, 2026 at 03:11 PM GMT+05:00

Riding the Oil Wave


March 11, 2026 at 03:06 PM GMT+05:00

Pakistan attracts $5–10bn Chinese investment


March 11, 2026 at 03:05 PM GMT+05:00

PKR rises slightly against USD


March 11, 2026 at 02:51 PM GMT+05:00

Gold price in Pakistan rises Rs3,700 per tola


March 11, 2026 at 02:05 PM GMT+05:00

Highnoon likely to reach Rs1,121 with 54% upside



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg