Asian stock markets are trading mostly lower on Friday, following the mixed cues from Wall Street overnight, on a renewed spike in crude oil prices amid the re-escalation of tensions in the Middle East. Technology and semiconductor stocks also took a hit amid renewed concerns about debt-fueled AI infrastructure spending, with concerns about AI seeming to shift on a daily basis. Asian markets ended mostly lower on Thursday.
The U.S. and Israel are reportedly planning for a joint military operation against Iran after the November midterm elections in the U.S. However, diplomatic efforts to reach an agreement with Iran are ongoing.
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Market Analysis
Asian Markets Trade Mostly Lower
2026-10-23 03:11:12
