Asian shares fall, tracking Wall Street's tumble on worries about AI
stocks and interest rates
[November 14, 2025] By
TERESA CEROJANO
MANILA, Philippines (AP) — Asian shares retreated on Friday, tracking
Wall Street’s tumble to one of its worst days since April as Nvidia and
other AI superstar stocks kept dropping on worries their prices have
shot too high.
U.S. futures fell and oil prices advanced.
South Korea’s Kospi led the regional decline, falling 3.8% to 4,011.57
on heavy selling of tech shares. Samsung Electronics shed 5.5% and SK
Hynix lost 8.5%. LG Energy Solutions gave up 4.4%.
Taiwan’s Taiex lost 1.8%.
Japan's Nikkei 225 fell nearly 1.8% to 50,376.53, reversing the previous
day's gains. SoftBank Group led the slide, plunging 6.6%.
In Chinese markets, Hong Kong's Hang Seng index shed 2% to 26,539.74,
while the Shanghai Composite index slipped 1% to 3,990.49.
Data on Friday showed China’s factory output grew at a 14-month low of
4.9% year-on-year in October, down from 6.5% in September and below
expectations of 5.5%. Investment in fixed asset such as factory
equipment also fell 1.7% year-on-year in the January to October period.
Persisting weakness in property investments were a key factor dragging
on business investment.
In Australia, the S&P /ASX 200 dropped 1.4% to 8,634.50 as hopes the
Reserve Bank of Australia will cut rates faded after a strong jobs
report.
India's BSE Sensex slid 0.3%.
On Thursday, the U.S. stock market tumbled to one of its worst days
since its springtime sell-off. Doubts over whether interest rate cuts
that Wall Street has been banking on will actually happen also have
dimmed investor sentiment.
The S&P 500 sank 1.7%, pulling further from its all-time high set late
last month. It was the worst day in a month for the index at the heart
of many 401(k) accounts and the second-worst since April’s plunge after
President Donald Trump shocked the world with his “Liberation Day”
tariffs.
The Dow Jones Industrial Average dropped 1.7% from its record set the
day before.
The Nasdaq composite lost 2.3%.
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Currency traders work near a screen showing the Korea Composite
Stock Price Index (KOSPI), top left, and the foreign exchange rate
between U.S. dollar and South Korean won at the foreign exchange
dealing room of the Hana Bank headquarters in Seoul, South Korea,
Friday, Nov. 14, 2025. (AP Photo/Ahn Young-joon)
 Nvidia was the heaviest weight on
the market after the chip company fell 3.6%. Other stocks swept up
in the artificial-intelligence frenzy also struggled, including
drops of 7.4% for Super Micro Computer, 6.5% for Palantir
Technologies and 4.3% for Broadcom.
Questions have been rising about how much higher AI darlings can go
following their already spectacular gains. Early this month,
Palantir had gained nearly 174% for the year so far, for example.
Such sensational performances have been one of the top reasons the
U.S. market has hit records despite a slowing job market and high
inflation. AI stock prices have shot so high, though, that they’re
drawing comparisons to the 2000 dot-com bubble, which ultimately
burst and dragged the S&P 500 down by nearly half.
In the meantime, stocks outside of AI also fell across Wall Street
as traders worried the Federal Reserve may not deliver another cut
to interest rates in December, as many had been expecting.
Lower interest rates can invigorate the economy and raise prices for
investments, even though they can also worsen inflation. A halt in
cuts could undermine U.S. stock prices after they already ran to
records partly on expectations for more reductions.
Expectations have come down sharply in recent days that the Fed will
cut its main interest rate for a third time this year. Traders now
see roughly a coin flip’s chance of that, 51.9%, down from nearly
70% a week ago, according to data from CME Group.
In other dealings early Friday, U.S. benchmark crude oil added 90
cents to $59.59 per barrel. Brent crude, the international standard,
rose 86 cents to $63.87 per barrel.
The U.S. dollar rose to 154.55 Japanese yen from 154.54 yen. The
euro was at $1.1637, up from $1.1635.
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