Kospi falls over 3.5% as Nasdaq weakness weighs on Asian tech

What happened

The S&P 500 and Nasdaq fell as chip weakness outweighed hopes around the US and Iran. The Kospi dropped a little over 3.5%, while the ASX edged higher. Apple posted slower sales growth, and its China revenue missed estimates.

Why it matters

Weaker global technology sentiment could weigh on risk appetite and add pressure to Indian equities. The effect may remain limited unless the weakness persists or spreads to other markets.

Global impact

Wall Street's S&P 500 and Nasdaq fell, and technology weakness weighed on sentiment in Asia. The Kospi was the region's major laggard, while the ASX edged higher.

How the story broke

1. 3 Nov, 6:40 AM ISTWall Street Highlights: S&P 500, Nasdaq Falls As Chip Rout Offsets US-Iran HopesNDTV Profit
2. 3 Nov, 7:03 AM ISTAsian Markets Today: Kospi Drops 3.5% On Nasdaq Weakness; ASX Edges Higher; US Midterm Elections EyedNDTV Profit

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