Asian Tech Stocks Decline on Post-Election AI Concerns

Technology stocks in Asian markets fell amid rising concerns over AI-themed investments following the US midterm elections. Markets focused on worries that Democratic control of Congress could slow data center construction. Investors are pricing in the possibility that spending on AI infrastructure may be negatively affected by political uncertainty. A slowdown in data center investments has raised questions about the growth outlook for the technology sector. Selling pressure led to a weakening of risk appetite across the sector. Analysts note that the trajectory of AI-focused capital expenditures and the regulatory environment should be closely monitored. It is assessed that uncertainty may increase volatility in technology stocks in the short term. Not investment advice.

📊 0700.HK — Piyasa Yorumu

▼ down · 55%

The stock rose 7.6% in 24 hours, clearly breaking above its SMA20 and SMA50, but with RSI14 at 79 it is in overbought territory and short-term correction risk is high. MACD is above its signal line and positive momentum continues, but after such a rapid rise the likelihood of profit-taking increases. AI-related concerns in Asian tech stocks could weigh on sector-wide risk appetite, and such news typically leads to selling in the short term. Nevertheless, the strong trend and positive MACD suggest the decline may be limited; therefore the direction is down but confidence is moderate. A pullback from the 425 level and a correction toward the 402-410 band can be expected within 1-3 days.

RSI 14

79.0

MACD

8.20

24h Δ

7.59%

📊 9988.HK — Piyasa Yorumu

▼ down · 55%

9988.HK has risen 9.3% in the last 24 hours to reach 108.6, with RSI14 at 80.3 placing it in overbought territory; this increases the risk of short-term profit-taking. Although MACD remains positive above its signal line, overheated momentum strengthens the likelihood of a pullback. News of a decline in Asian tech stocks due to AI concerns could reduce risk appetite across the sector and pressure the stock. Since the price is above SMA20 and SMA50, the medium-term trend remains positive; therefore, the decline is expected to be limited and corrective in nature. Nevertheless, with overbought conditions and negative news flow combined, the 1-3 day outlook is slightly bearish.

RSI 14

80.3

MACD

2.15

24h Δ

9.26%

📊 NVDA — Piyasa Yorumu

▼ down · 55%

NVDA already exhibits a weak technical picture: the price is below the SMA20 and SMA50, MACD is negative and below the signal line, and RSI at 34 is close to the oversold threshold. Selling pressure in Asian tech stocks driven by AI concerns may negatively affect risk appetite for NVDA in the short term. However, the low RSI level also brings with it the possibility of a limited relief rally. Therefore, although downside pressure stands out in the 1-3 day outlook, the confidence level should be kept at a moderate level. The fact that the news is not directly specific to NVDA may cause the impact to remain limited.

RSI 14

34.1

MACD

-1.94

24h Δ

-0.64%

Canlı Grafikler