Tech stock rout spreads to Asia and Europe, but US futures rebound

Business Insider · Huileng Tan, Will Martin · 2026-11-06 11:41 UTC

South Korea, Taiwan, and Japan are home to some of the world's biggest suppliers of the chips, memory, and equipment needed to power the technology.

Thursday's brutal sell-off in the AI trade continued into the rest of the world on Friday, with markets across Asia falling on the final day of the week, before spreading into Europe.

There was hope of a pause in the rout, however, with futures pointing to gains for both the Nasdaq and the S&P 500 when US markets open later.

In Asia, the chipmakers and technology companies that powered this year's stock-market rally were among the hardest hit.

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