Nov 3, 2026 · 9 min
Asian chip stocks slide as Chinese internet shares rebound
Samsung Electronics Down, JD.com Bump, Marico Up
The episode tracks how a U.S.-led technology sell-off is reshaping Asian markets while investors cut risk and favor selected consumer stocks.
- 1Semiconductor and data-center weakness in the U.S. spread across Asian markets, pressuring Samsung Electronics, the Kospi, and the Taiex.
- 2Lower oil prices and rotation away from AI-related names helped Chinese consumer and internet stocks including JD.com, Meituan, and Trip.com.
- 3Indian equities benefited from earnings, infrastructure spending, and consumption strength as Asian investors reduced risk ahead of the U.S. midterm elections.
Don't miss
The clearest market contrast is the split between semiconductor-led declines in Asia and rebounds in Chinese consumer internet shares.
The brief
Asian equities followed the U.S. sell-off lower, with semiconductor and data-center names driving sharp declines in the Kospi and Taiex.
Anthony Stevens links the pressure to follow-on selling in technology stocks, showing how concentrated weakness in U.S. themes traveled across the region.
Chinese consumer and internet shares moved against the broader trend as lower oil prices and rotation from AI-related names lifted JD.com, Meituan, and Trip.com.
Indian equities emerge as a consensus underweight that has benefited from earnings, infrastructure spending, and a broader consumption base.
The report closes on investor risk reduction ahead of the U.S. midterm elections, then turns to SpaceX’s demanding hiring culture and expectations of exceptional ability.
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