On Friday (30 October, 9:28 AM, GMT+7, Bangkok time), most major indices in the Asia-Pacific tracked losses on Wall Street, with investors reacting to underwhelming results from major U.S. technology firms.
Amazon declined 7% in after-hours trading following third-quarter results that missed analyst forecasts for both revenue and profit. The company recorded negative free cash flow totaling $42.4 billion and reiterated its 2026 capital expenditures projection at $220 billion.
Shares of Intel dropped more than 20% after the company issued a downbeat outlook for the current quarter. Management attributed lower guidance to slowing demand in the PC segment. The firm’s client computing and physical AI group reported a 5% year-over-year revenue decline, reaching $8.1 billion.
Meanwhile, SanDisk was down 3% after the market closed, even as the company posted fiscal first-quarter earnings above consensus expectations. The storage firm also disclosed plans for an eight-for-one stock split.
Sentiment across Asian technology stocks remained fragile, pressured by weaker-than-anticipated results from U.S. tech names and fresh concerns after Binance reported a $5.7 billion cryptocurrency breach.
Investor skepticism around the AI sector continues as concerns mount over whether significant capital investments will deliver sufficient returns to support current valuations.
Japan’s NIKKEI dropped by 2.81% to 62,843.53. South Korea’s KOSPI plunged 5.64% to 5,602.59, and Australia’s ASX 200 increased by 0.51% to 8,937.30.
Shanghai’s SSEC contracted by 0.76% to 3,623.64. Shenzhen’s SZI slumped by 1.22% to 11,002.89, and Hong Kong’s HSI rose by 1.18% to 23,229.24.
The U.S. stock markets edged down on Thursday as the Dow Jones Industrial Average (DJIA) lost 0.25% to 52,342.56. NASDAQ plummeted by 1.38% to 26,184.72, and the S&P 500 shrank by 0.30% to 7,720.39. VIX advanced by 1.71% to 17.20.
As for commodities, oil prices settled lower on Thursday as optimism regarding potential negotiations between the United States and Iran eased worries about possible supply interruptions. Brent crude futures ended the session 44 cents lower at $114.88 per barrel, reflecting a decrease of 0.38%. U.S. West Texas Intermediate (WTI) crude futures closed down 78 cents, or 0.76%, at $102 per barrel.
This morning, Brent futures surged $2.38, or 2.07%, to $117.26 per barrel, and WTI futures added $2.12, or 2.08%, to $104.12 per barrel.
Meanwhile, gold futures slid 0.22% to $4,022.70 per troy ounce.
