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Risk-off swept Asia Friday as Wall Street’s AI hangover—Nvidia -5%—spilled over. Nikkei 225 cratered 1.7% (905 pts), Kospi -2.4% (96 pts), Hang Seng -0.9% (241 pts) and Shanghai -0.25% on tepid factory data. Thailand’s SET shed 0.8%.
“Tech valuations are frothy—shutdown blackout kills US data, traders hit sell,” said QuantumEdge’s Rhea Tan. MSCI ACWI heads for first weekly drop in five.
Yet Bitcoin laughed off the gloom, hugging $101,800 (+0.7%) after $240M ETF inflows (BlackRock +$112M). JPMorgan’s “$170K fair-value” and Tom Lee’s $200K EOY fuel HODL fire. ETH -1.2%, SOL +2%.
Oil flat at $81, DXY up 0.3% squeezes EM FX. Gold dips to ₹1,20,231/10g.
Watchlist:
– Support: Nikkei 38,000, BTC $100K.
– Upside: Hang Seng 26,800, BTC $108K.
– Triggers: Delayed US jobs (shutdown Day 38), China PMI Monday.
From AI jitters to ETF rocket fuel—volatility is the new normal. Buy dips or brace for 25,300 Nifty test?
