Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials HomePMN BusinessAsian Stocks Fall on Tech Weakness, Samsung Slides: Markets WrapAsian equities dropped as technology shares came under renewed selling pressure, with Samsung Electronics Co. falling after its earnings report.Author of the article:Last updated 40 minutes ago You can save this article by registering for free here. Or sign-in if you have an account.Stocks get tech lift. Photo by Michael Nagle /Photographer: Michael Nagle/Bloo(Bloomberg) — Asian equities dropped as technology shares came under renewed selling pressure, with Samsung Electronics Co. falling after its earnings report.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorThe MSCI Asia Pacific Index slipped 0.6% with decliners slightly outnumbering gainers. Technology stocks led losses, with Samsung falling more than 6% even after quarterly profit surged 19-fold. That weighed on the Kospi index, which retreated 4.3%. The chip sector remained in focus with SK Hynix Inc. shares dropping 4.2% after kicking off the formal marketing process for its US listing.US equity-index futures also edged lower in early Asian trading. Contracts for the tech-heavy Nasdaq 100 Index declined 0.4%, indicating Monday’s rebound on Wall Street may be brief.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againElsewhere, Brent crude rose 0.4% to about $72.25 a barrel after reports that a tanker was struck in the Strait of Hormuz underscored the risks to shipping through the vital waterway.Recent swings in tech stocks have left investors searching for fresh evidence that the AI boom can sustain its momentum. Even after US semiconductor shares posted a record quarter, attention has turned to whether soaring capital spending, rising competition and expanding capacity will deliver the earnings growth needed to justify lofty expectations.“Are we in an AI bubble? We think the answer depends on whether AI can turn today’s scarcity into tomorrow’s abundance,” according to BlackRock Investment Institute’s team led by Jean Boivin. “Markets are increasingly pricing that outcome, expecting AI to lift productivity and growth enough to sustain today’s extraordinary earnings.”In other corners of the market, the yen was a touch weaker around 162.15 per dollar as positioning data showed hedge funds turned the most negative on the Japanese currency since 2007. Treasuries were little changed after gaining Monday following less hawkish wagers for the Federal Reserve. Japan bond futures rose ahead of a 30-year auction, which will be a test of investor appetite. In Asia, early attention was on Samsung’s earnings. The company’s quarterly profit soared past elevated expectations due to rocketing demand for memory chips needed in AI data centers.The world’s largest memory maker reported preliminary operating income of 89.4 trillion won ($58 billion) in the three months through June, dwarfing its performance for all of 2025. Analysts on average had projected 84.2 trillion won.The stock’s decline indicates “investors might have already priced in solid results and are increasingly focused on the longer-term trajectory of the memory cycle,” said Albert Yong, managing partner at hedge fund Petra Capital Management.Corporate News:Rivian Automotive Inc. is offering to sell 75 million shares as the electric vehicle company seeks to fund equity contributions related to a US Department of Energy loan.Vale SA Chairman Daniel Stieler is stepping down after one of the company’s largest investors agitated to reshape the leadership of the world’s top iron ore producer.Microsoft Corp.’s Xbox plans to eliminate 3,200 jobs, or around 20% of its staff over the next year.Some of the main moves in markets:StocksS&P 500 futures were little changed as of 9:48 a.m. Tokyo timeHang Seng futures rose 0.1%Nikkei 225 futures (OSE) fell 0.8%Japan’s Topix rose 0.4%Australia’s S&P/ASX 200 fell 0.4%Euro Stoxx 50 futures were little changedCurrenciesThe Bloomberg Dollar Spot Index was little changedThe euro was little changed at $1.1440The Japanese yen was little changed at 162.15 per dollarThe offshore yuan was little changed at 6.7949 per dollarCryptocurrenciesBitcoin rose 0.5% to $64,085.95Ether rose 0.5% to $1,801.06BondsThe yield on 10-year Treasuries was little changed at 4.48%Japan’s 10-year yield was unchanged at 2.830%Australia’s 10-year yield advanced one basis point to 4.80%CommoditiesWest Texas Intermediate crude rose 0.4% to $68.81 a barrelSpot gold fell 0.4% to $4,149.78 an ounceThis story was produced with the assistance of Bloomberg Automation.—With assistance from Rob Verdonck and Sangmi Cha. 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