Nikkei 225 plunged 2.15% to 29,400 points on Monday, matching the tech‑driven decline that began on Wall Street Friday.
The broader Topix fell 1.17%, while South Korea’s Kospi shed 1.60%; the GIFT Nifty forecasted a red opening, hinting at a cautious start in India.
China’s CSI 300 slid to its lowest level since August 2025 after authorities stepped in, urging state funds and firms to buy stocks and discouraging selling.
U.S. futures offered a brief respite: the S&P 500 gained 0.2% and the Nasdaq 100 rose 0.5% after Friday’s dip, though the Philly Semiconductor Index had slumped 3.8% on the day.
The AI trade is back under scrutiny, with Tesla and Meta Platforms among 70 S&P 500 firms reporting this week—raising doubts over whether massive AI infrastructure spending will pay off.
Looking ahead, traders await China’s third‑quarter GDP figures due Monday, the Fed’s policy decision on October 28, and elevated bond volatility, all while watching for any shift in the tech sector’s trajectory.