Asian markets slide as US tech sell-off and rising oil weigh on sentiment
India's indices fell a third straight session while the Nasdaq lost 2.6% after weak Meta and Tesla results and higher crude. Source: Moody's.
- published on Newsmetry
- original source published
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner. connect the api →
what happened
According to Moody's, India's Sensex and Nifty closed lower for a third straight session. The Sensex dropped 0.62% to 73,249.39, and the Nifty 50 fell 0.54% to 22,687.65. Pressure came from a sharp rise in crude oil prices amid escalating tensions in West Asia.
In the US, technology indices posted their worst one-day losses in months. The Nasdaq Composite fell 2.6%, the Nasdaq 100 slid 2.9%, and the S&P 500 lost 1.21%. Investors pulled out of high-flying tech shares after disappointing reports from Meta Platforms and Tesla, worries over AI spending and higher oil, shifting money into defensive sectors. Asian exchanges also opened lower: KOSPI fell more than 3%, Nikkei 225 lost about 1.7%, and Taiex dropped over 2%.
why it matters
The mix of expensive oil, weak results from major tech companies and a rotation from growth into defensive sectors suggests global sentiment remains fragile. Investors are watching key support and resistance levels on the indices, along with commodity price moves.
market impact
Asian and US equities: pressure from oil prices and the tech sector sell-off
instruments
sources
- Stock market outlook today, 23 Oct: Sensex, Nifty prediction - DJIA, S&P, NASDAQ, GIFT Nifty, Kospi, Nikkei, Taiwan cues — Moody's, 23 October 2026 at 04:27 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner.
get stories in real time ↗