Overview
- Asian equities fell on Monday following Wall Street’s AI-led declines, with Tokyo and Seoul leading losses and heavy drops in SoftBank, Samsung and SK hynix.
- European indexes advanced and US stocks opened higher before turning mixed as traders weighed last week’s selloff and a rotation away from mega-cap tech.
- Weakly received results from Oracle and Broadcom revived doubts about AI-related spending and valuations, though Nvidia and chip peers attempted a modest rebound.
- This week’s calendar features delayed US nonfarm payrolls for October and November on Tuesday and November CPI on Thursday, alongside policy decisions from the BoJ, BoE and ECB.
- India’s Sensex and Nifty closed slightly lower, with risk appetite restrained by persistent foreign investor outflows and a rupee that recently hit a record low.