Asian Markets Dip After Wild Wall Street Day; Microsoft, Tesla Shares Tumble
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News18•30-01-2026, 14:45
Asian Markets Dip After Wild Wall Street Day; Microsoft, Tesla Shares Tumble
- •Asian shares mostly fell after a volatile day on Wall Street, with Tokyo, Hong Kong, Shanghai, and Taiwan indices declining.
- •Microsoft shares plunged 10%, its worst day since 2020, despite strong earnings, due to investor concerns over AI investment costs and Azure growth.
- •Tesla also dropped 3.5% as its quarterly profit was sharply lower year-over-year, despite CEO Elon Musk's focus on robotaxis.
- •South Korea's Kospi was an outlier, gaining 1% and extending its record-high run.
- •Gold and silver prices weakened after recent surges, while oil prices fell due to easing US-Iran tensions.
Why It Matters: Asian markets reacted to Wall Street's volatility, with tech giants Microsoft and Tesla facing significant drops.
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