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Asian Markets Slip as Tech Earnings Optimism Fades Against Gulf Tensions

2026-10-22 03:14 EDT · AI-compiled · 429 words · about 2 min · Views …
Photo: Falling charts on trading-room screens mirror cautious early trading across Asian markets.
Photo: AI-generated

Asian markets dip as investors weigh tech earnings, Gulf tensions

Asian stocks struggle to hold ground early Thursday

US futures slip even as Nasdaq rallied overnight

Tech optimism offers only fleeting support

SpaceX shares rallied 7.8%, and Super Micro shares jumped 9.6%, making it among the S&P 500's top gainers; the report also benefited peers HPE, which rose 3.7%, and Dell, which rose 5.3%. Yet Meta's plan to issue non-voting Class C common stock drew renewed scrutiny on AI spending, and lingering concerns over AI kept Asian sentiment fragile.

Gulf tensions lift oil and weigh on risk appetite

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