Macro & economy RegionChina & Asia-Pacific Impact Major
Asian stocks fall, KOSPI slides 4.9% on weak Amazon and Intel results
What happened
Asian stocks fell, led by a 4.9% KOSPI slide, as weak Amazon and Intel results fuelled AI selloff. Treasuries rallied as AI stock jitters sparked a flight to safety, pushing the 10-year yield to around 4.90% and the 30-year to about 5.26%, both one-month lows.
What it means for markets
Bond prices are up (yields down) as investors rotate out of AI-exposed equities into safe-haven Treasuries. The KOSPI drop and weak tech earnings suggest continued pressure on QQQ and SPY. A reversal in AI stocks could reduce the bid for bonds.
AssetExpectedMove since first report
Nasdaq 100 QQQ Weak Amazon and Intel results fuel AI selloff
▼ Down
-3.47% 715.34 (2026-10-29) → 690.49 (2026-10-30)
S&P 500 SPY Risk-off sentiment from tech earnings and Asian slide
▼ Down
-1.77% 769.36 (2026-10-29) → 755.72 (2026-10-30)
Long Treasuries TLT Flight to safety pushes yields to one-month lows
▲ Up
+0.43% 81.49 (2026-10-29) → 81.84 (2026-10-30)
South Korea EWY KOSPI slides 4.9% on weak tech earnings
▼ Down
-5.52% 161.83 (2026-10-29) → 152.89 (2026-10-30)
What to watch
- Any stabilization in AI stocks
- Further Asian market reaction to Amazon and Intel results
Source timeline
- investingLive investingLive Asia-Pacific market news: Binance hack shakes crypto
- investingLive (Some good news!) Treasuries rally as AI selloff drives flight to safety, 10-year yield at one-month low