Wall Street Selloff Spreads to Asia: Nikkei Enters Bear Market, South Korea Holds Emergency Meeting

The spread of the selloff on Wall Street to Asia is weakening risk appetite and putting pressure on technology stocks such as GOOGL. The price is trading at 282.6, below the SMA20 (285) and SMA50 (290.8); the short-term trend is weak. RSI at 42 is in neutral-to-weak territory, while MACD is slightly below its signal line and negative. However, MACD's proximity to the signal suggests limited downside potential rather than an oversold condition. A downward but not severe course is expected over the next 1-3 days; the 280 support level is critical.

The Nikkei 225 fell 9.3% within 24 hours, dropping below its 20-day and 50-day moving averages. The RSI stands at 25, in oversold territory, but the MACD is negative and below its signal line, supporting the downtrend. The spread of the Wall Street sell-off to Asia and South Korea's emergency meeting could create near-term market uncertainty. These factors increase the likelihood that the N225 will continue to decline over the next 1-3 days. However, the low RSI level does not entirely rule out a short-term rebound.

The spread of the selloff on Wall Street into Asia and the Nikkei's entry into a bear market are undermining short-term risk appetite for the HSI. However, the HSI's 4.3% gain over the past 24 hours and its RSI approaching overbought territory at 65 are raising correction risk. The MACD remaining below its signal line points to weakening momentum. Nevertheless, with the price trading above the SMA20 and SMA50, the medium-term trend remains positive. A limited pullback or choppy trading, rather than a sharp decline, may therefore be expected.

The KOSPI fell sharply by more than 11% in 24 hours to 789, and the selloff originating from Wall Street is spreading to Asia. Although the RSI at 34 is approaching oversold territory, there is no bottom signal yet; the MACD remains below its signal line and in negative territory. The price is significantly below the SMA20 and SMA50, and the short-term trend is downward. South Korea's emergency meeting may raise expectations for policy support, but it is unlikely to halt the panic selling on its own. Over the next 1-3 days, high volatility and downside risks are dominant; rebound buying may remain limited.