Asia markets turn lower after U.S. tech sell-off deepens

November 18, 2025 (MLN): Asia markets declined on Tuesday, mirroring a tech-driven downturn in the U.S. markets.

Japan’s Nikkei 225 slipped 0.92%, with the broader Topix down 0.6%. South Korea’s Kospi fell 0.64%, and the Kosdaq dropped 0.58%.

In Greater China, Hong Kong’s Hang Seng Index retreated 0.86%, while the mainland’s CSI 300 finished little changed. Australia’s S&P/ASX 200 also weakened, losing 0.76%.

In the bond market, Japan’s 20-year government yield climbed nearly 4 basis points to 2.78% its highest level since July 1999 according to LSEG data.

The 10-year yield also ticked up about 2 basis points to 1.751%.

The downbeat mood followed a negative session on Wall Street, where major indexes slid as technology shares once again dragged markets lower ahead of several key catalysts, including Nvidia’s upcoming earnings and the September U.S. jobs report.

The Dow Jones Industrial Average dropped 557.24 points, or 1.18%, closing at 46,590.24. The S&P 500 fell 0.92% to 6,672.41, while the Nasdaq Composite declined 0.84% to 22,708.07. Heavyweights such as Apple, Salesforce, and particularly Nvidia weighed on the indices.

Nvidia shares slipped nearly 2% ahead of its third-quarter earnings release expected Wednesday after the bell.

The broader AI sector has faced selling pressure recently, as investors question whether valuations have become too stretched. Shares of private credit firm Blue Owl Capital sank almost 6% amid worries about its significant exposure to financing AI-related data center expansion.

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