Asia Stocks Dip as Wall Street Tech Retreats, Oil Falls on Trump's Iran Stance

Business
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Moneycontrol•15-01-2026, 06:50
Asia Stocks Dip as Wall Street Tech Retreats, Oil Falls on Trump's Iran Stance
- •Asian stocks opened lower after Wall Street saw declines, particularly in technology shares, with Japan's Nikkei 225 falling 1%.
- •The tech-heavy Nasdaq 100 Index dropped 1.1% and the S&P 500 closed 0.5% lower as investors rotated out of richly valued tech stocks.
- •Oil prices fell for the first time in six days after President Donald Trump hinted at delaying an attack on Iran.
- •The South Korean won is under scrutiny after US Treasury Secretary Scott Bessent commented on its excessive decline, offering verbal support.
- •Japan is preparing for a snap election, which has seen equities jump and the yen fluctuate amid reports.
Why It Matters: Asian stocks weakened following Wall Street's tech sell-off and a drop in oil prices due to geopolitical shifts.
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