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Home / Business and Economy / Asian Stocks Slide as Shutdown Fears and Tech Bubble Loom

Asian Stocks Slide as Shutdown Fears and Tech Bubble Loom

10 Oct

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Summary

Asian markets trade mostly in red, led by Hong Kong's 1.14% drop
Concerns over possible US government shutdown and tech bubble weigh on investors
Gold and Bitcoin hit record highs, but experts warn of overvaluation

Asian Stocks Slide as Shutdown Fears and Tech Bubble Loom

On Friday, October 10th, 2025, Asian stock markets traded mostly in the red as the week came to a close. The trading session was marked by a mix of positive and worrying developments.

In Hong Kong, the Hang Seng Index (HSI) fell 304 points or 1.14%, closing at 26,447. The Shanghai and Shenzhen markets also traded lower, shedding 0.51% and 1.85%, respectively. Japan's Nikkei index was down 470 points or 0.97% at 10:10 AM IST.

However, not all markets were in the red. South Korea's Kospi index jumped 49 points or 1.39% to reach 3,598. This positive performance was driven by news of a Middle East ceasefire and major investments in the artificial intelligence (AI) sector.