Asian stocks lose more than $600 billion as AI fears collide with the Gulf oil shock

A $600 BILLION SELL-OFF HIT 8 ASIAN MARKETS IN ONE DAY. HERE’S WHAT HAPPENED TO EACH:

🇰🇷 South Korea — Kospi CRASHED 4%, $131 billion wiped out in a few hours
🇯🇵 Japan — Nikkei DOWN 2.6%, $195 billion gone, SoftBank down 5.6%
🇨🇳 China — Shanghai DOWN 1.5%, $151 billion erased, Shenzhen down 2.6%
🇹🇼 Taiwan — Taipei stocks: MASSIVE $84 billion wipeout, down 2.3%
🇭🇰 Hong Kong — Hang Seng DOWN more than 3%, Alibaba down 6.5%
🇰🇷 South Korea — SK Hynix CRASHED 5.7%, Samsung down 4.2%
🇰🇷 South Korea — Kospi ALREADY down $792 billion this month before today’s hit (the LARGEST drop of any major index in the entire region)
🇨🇳 China — CSI300 DOWN 2%; now at the brink of a technical BEAR market (Reuters)
🇭🇰 Hong Kong — Tencent and http://JD.com BATTERED
🇸🇬 Singapore — deep in the RED
🇮🇩 Indonesia — Jakarta in the RED
🇯🇵 Japan — Tokyo Electron DIRECTLY HIT by AI fears, down more than 6%
🇵🇭 Philippines — Manila in the RED too

AFTERMATH:
Brent oil up 2% in ONE DAY to $111/barrel
Nasdaq futures down 1.6%, S&P 500 futures down 0.8%
Saudi Aramco field hit by the Houthis (Brent near a 5-month high)
Some US diplomats ordered out of Saudi Arabia
Over $600 billion wiped out from Asian stocks in a few hours

Trump said the US is “not negotiating” with Iran.
The sell-off made sure everyone holding Asian stocks paid the price.

This is the beginning of something much bigger.

🚨 A $600 BILLION SELL-OFF HIT 8 ASIAN MARKETS IN ONE DAY. HERE'S WHAT HAPPENED TO EACH:

🇰🇷 South Korea — Kospi CRASHED 4%, $131 billion wiped out in a few hours
🇯🇵 Japan — Nikkei DOWN 2.6%, $195 billion gone, SoftBank down 5.6%
🇨🇳 China — Shanghai DOWN 1.5%, $151 billion… pic.twitter.com/C2Q0vQLEt1

— 🇺🇸 Ronald Carter (@USronaldcarter) October 22, 2026

https://www.reuters.com/world/china/global-markets-global-markets-2026-10-22/

https://www.marketscreener.com/news/asian-stocks-hit-2-month-low-on-ai-jitters-bonds-find-favour-ce785dddda81f325