Asia markets mostly fall, tracking Wall Street losses as tech sell-off continues

Asia Markets

Asia markets mostly fall, tracking Wall Street losses as tech sell-off continues

Published Wed, Feb 4 2026

6:57 PM EST

Updated Moments Ago

thumbnailLim Hui Jie@in/hui-jie-lim-a7371176/WATCH LIVE

Key Points

  • Australia's S&P/ASX 200 was down, dragged by energy stocks.
  • South Korea's Kospi tumbled, dragged by chip stocks.
  • However, Japan's Topix hit a record high.

Lisa Su, chair and chief executive officer of Advanced Micro Devices Inc., displays an AMD Instinct MI455X GPU during the 2026 CES event in Las Vegas, Jan. 5, 2026.

Bloomberg | Bloomberg | Getty Images

Asia-Pacific markets mostly fell Thursday as the tech sell-off on Wall Street gained momentum, with cryptocurrencies also falling.

Notably, Advanced Micro Devices plunged 17% after its first-quarter forecast underwhelmed some analysts. Broadcom and Micron Technology also suffered major losses, falling about down 3.8%, while the latter fell 9.5%.

Bitcoin declined more than 3%, hovering just above the $73,000 level, after falling below that mark earlier.

In Asia, South Korea's Kospi tumbled 2.43% as chip heavyweights Samsung and SK Hynix fell 4.14% and 4%, respectively. Other top losers included defense giant Hanwha Aerospace, which declined 4.61%.

Japan's Nikkei 225 was down 0.25%. Investment firm SoftBank Group Corp declined as much as 5.8% after chip designer Arm's fiscal third quarter licensing sales missed estimates.

Japanese electronics manufacturer Panasonic jumped as much as 15.26%, even as the company reported worse revenue and net profit numbers for its fiscal third quarter ended December.

Adjusted operating profit, however increased to 159.1 billion yen ($1.03 billion), a 5.59% gain from the same period a year before. The adjusted operating profit strips out restructuring costs of 129.3 billion yen.

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The broad-based Topix was the only index in positive territory, up 0.23% and hitting a record high.

Hong Kong's Hang Seng index slumped 1.06%, with basic materials stocks lagging. The mainland Chinese CSI 300 was down 0.56%.

Australia's S&P/ASX 200 was down 0.2%.

Overnight in the U.S., the S&P 500 slid 0.51% for back to back losses, while the Dow Jones Industrial Average added 0.53%, and the Nasdaq Composite dropped 1.51%.

—CNBC's Sean Conlon and Pia Singh contributed to this report.

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