Tech Rout Triggers Asian Selloff

US tech slid 3%, spilling into Asia. Traders weighed dovish Fed signals and fresh chip-policy headlines.

TL;DR:

📉 US tech drops 3%; Asia follows
🏦 Fed’s Williams hints at cuts
🤖 Nvidia China chip sales considered
📅 WeRide Q3 results due today

US Tech Slump Spurs Asian Selloff

US tech stocks fell roughly 3%, pressuring risk sentiment overnight and triggering a sympathetic slide across major Asian indices. The drawdown tightened financial conditions at the margin and pushed traders to trim growth exposure into the open. Dip-buying stayed cautious as volatility ticked higher. Source

Fed’s Williams Hints at Cuts

New York Fed President John Williams signaled that rate cuts are possible if labor market softness persists and inflation keeps easing. Yields edged lower and equities found support into the close as markets leaned more dovish on the policy path. Positioning shifted toward duration and quality factor leadership. Source

US May Let Nvidia Sell AI Chips to China

US officials are considering allowing Nvidia to resume certain AI chip sales to China, a potential tailwind for semis if the scope is meaningful. The headline reduced worst-case export-risk premiums and helped stabilize broader chip sentiment after recent tech weakness. Watch for clarity on performance caps and licensing. Source

WeRide Q3 Results On Deck

Autonomous driving firm WeRide is set to report third-quarter 2025 results today, putting China AV demand and commercialization pace in focus. Any update on partnerships, cash runway, and pilot deployments will steer sentiment across the mobility-tech complex. Volatility likely around the release window. Source

Fed's Williams signals potential rate cuts amid labor market concerns