Tech-led selloff drags Asian stocks; Indonesia tumbles on Moody’s outlook cut
#Moody’s #Jakarta Composite Index #Samsung #Semiconductors #Indonesian Rupiah #Fiscal Deficit #Prabowo Subianto #Asian Equities
📌 Key Takeaways
- Asian markets faced a broad decline led by a 2.4% drop in the regional information technology sector.
- Moody’s lowered Indonesia's credit rating outlook, causing the Jakarta Composite Index to tumble more than 2%.
- South Korean chipmaking giants Samsung and SK Hynix saw significant share price drops as investors de-risked portfolios.
- Regional currencies like the Indonesian rupiah and South Korean won weakened significantly against the U.S. dollar.
📖 Full Retelling
🐦 Character Reactions (Tweets)
InvestoBroLooks like Indonesia's credit outlook just took a dive! Who knew Moody's could throw shade harder than an ex on social media after a breakup? #MarketDrama
TechSavvySnakeSouth Korea's market fell faster than my motivation on a Monday morning. Can someone hand me a safety net made of cash? #TechSelloff
EconomistExtraordinaireThe only thing dropping faster than Indonesia's stock prices is my enthusiasm for understanding what 'Moody's outlook' means 🥲 #FinancialFollies
PunditPandaInvesting in Asia right now is like going to a buffet after a breakup; everything looks tempting until you realize it's all gone bad. #MarketMeltdown
💬 Character Dialogue
🏷️ Themes
Financial Markets, Geopolitics, Technology
📚 Related People & Topics
Semiconductor
Material of moderate electrical conductivity
A semiconductor is a material with electrical conductivity between that of a conductor and an insulator. Its conductivity can be modified by adding impurities ("doping") to its crystal structure. When two regions with different doping levels are present in the same crystal, they form a semiconductor...
Deficit
Topics referred to by the same term
A deficit is the amount by which a sum falls short of some reference amount.
Samsung
South Korean multinational conglomerate
Samsung Group (Korean: 삼성; pronounced [sʰamsɔŋ]; stylised as SΛMSUNG) is a South Korean multinational manufacturing conglomerate headquartered in the Samsung Town office complex in Seoul. The group consists of numerous affiliated businesses, most of which operate under the Samsung brand, and is the ...
Indonesian rupiah
Currency of Indonesia
The rupiah (symbol: Rp; currency code: IDR) is the official currency of Indonesia, issued and controlled by Bank Indonesia. Its name is derived from the Sanskrit word for silver, rupyakam (रूप्यकम्). Sometimes, Indonesians also informally use the word perak ('silver' in Indonesian) in referring to r...
Jakarta Stock Exchange
Former stock exchange of Indonesia
Jakarta Stock Exchange (JSX; Indonesian: Bursa Efek Jakarta, BEJ) was a stock exchange based in Jakarta, Indonesia, before it merged with the Surabaya Stock Exchange to form the Indonesia Stock Exchange.
🔗 Entity Intersection Graph
Connections for Semiconductor:
- 🌐 Stock market (3 shared articles)
- 🌐 Insider trading (1 shared articles)
- 🌐 SEC filing (1 shared articles)
- 🏢 Earnings per share (1 shared articles)
- 🏢 Monolithic Power Systems (1 shared articles)
- 🏢 Renesas Electronics (1 shared articles)
- 🏢 Nvidia (1 shared articles)
- 🏢 Samsung (1 shared articles)
- 👤 High Bandwidth Memory (1 shared articles)
📄 Original Source Content
try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Amazon stock slides 9% premarket as 2026 capex guidance blows past expectations Gold, silver prices log shaky gains after bruising week 3 reasons why Bitcoin is falling Amazon’s capex plans, Stellantis, Bitcoin’s fall - what’s moving markets (South Africa Philippines Nigeria) Tech-led selloff drags Asian stocks; Indonesia tumbles on Moody’s outlook cut Stock Markets Published 02/06/2026, 12:14 AM Updated 02/06/2026, 12:24 AM Tech-led selloff drags Asian stocks; Indonesia tumbles on Moody’s outlook cut 0 Korean Won US Dollar 0.40% JKSE -2.55% ID10YT=RR 0.00% KS11 -1.44% 000660 -0.36% 005930 -0.44% Indonesian Rupiah US Dollar 0.03% By Sneha Kumar and Roshan Thomas Feb 6 - South Korean equities extended declines on Friday as investors continue to retreat from tech stocks, while Indonesian shares fell over 2% after Moody’s lowered the country’s credit rating outlook, the latest blow to Southeast Asia’s largest economy. The MSCI gauge of emerging Asian equities slipped 0.5%, pressured by a 1.7% drop in South Korea’s KOSPI index , while a broader gauge of Asian equities excluding Japan fell as much as nearly 2%. In Seoul, chipmakers Samsung Electronics and SK Hynix fell 1.2% and 0.2%, respectively, sending the regional information technology gauge about 2.4% lower. Markets were jolted this week after AI firm Anthropic unveiled a new legal tool for its Claude chatbot, raising worries over broader disruption to information technology and software service sector. [.N] "With U.S. tech wobbling, sentiment tend to trickle over to Asian tech as well, particularly after a strong run that left positioning looking stretched," said Zavier Wong, market analyst at eToro. "What we’re seeing now feels more like investors de-risking and locking in gains rather than a sign that the broader tech theme is breaking down." In Southeast Asia, Indonesia’s Jakarta Composite Index dropped 2% in early trade and the rupiah weakened to 16,885...