Asia Market Wrap 6 November: Kospi Sinks 6.02% as India’s Nifty 50 Bucks the Selloff
First published at 07:19 GMT; updated with the session’s closing edition at 11:24 GMT.
Seoul’s Kospi fell 6.02% and Tokyo’s Nikkei 225 lost 5.96% on Friday as a technology selloff swept Asia; of the ten indices, only India’s Nifty 50 rose.
Reuters reported on Friday that a steep rout in technology stocks rippled through markets on fears that the Democrats’ victory in the US midterm elections would increase regulatory scrutiny of artificial intelligence and slow the data centre build-out. In The Edge’s reading, the damage followed exposure to the AI hardware trade: Seoul, Tokyo and Taipei, whose benchmarks lean on chipmakers, fell hardest, while Sydney, Shanghai and Hong Kong each lost less than 1.3%.
Seoul, Tokyo and Taipei take the heaviest losses
Seoul’s Kospi led the declines, and Reuters reported that the selloff in AI stocks prompted policy measures in South Korea to ease market volatility. The Nikkei 225 fell for a fifth straight session as the broader Topix lost 5.90%. Taipei’s Taiex fell for a seventh straight session. Hong Kong’s Hang Seng ended a run of five gains, and Singapore and mainland China also closed lower; the table carries the full closes.
India gains while Dubai and Abu Dhabi slip
India’s Nifty 50 rose 2.01% for a seventh straight session and closed at the day’s high. In the UAE, whose markets are the only ones in the Gulf to trade on Fridays, Dubai’s DFM General slipped 0.28%, ending a run of four gains, and the FTSE ADX General in Abu Dhabi fell 1.34%.
Asian closes, ranked
| Index | Close | Change |
|---|---|---|
| Nifty 50 (India) | 25,030.35 | +2.01% |
| S&P/ASX 200 (Australia) | 9,020.80 | -0.49% |
| Shanghai Composite (China) | 3,649.18 | -1.10% |
| Hang Seng (Hong Kong) | 24,481.86 | -1.27% |
| Straits Times (Singapore) | 5,179.17 | -2.21% |
| Shenzhen Component (China) | 11,175.78 | -2.57% |
| Taiex (Taiwan) | 39,701.64 | -4.51% |
| Topix (Japan) | 3,707.99 | -5.90% |
| Nikkei 225 (Japan) | 57,434.77 | -5.96% |
| Kospi (South Korea) | 5,059.69 | -6.02% |
Closes of Friday 6 November 2026 from the exchanges’ and administrators’ own pages, ranked by change against Thursday’s closes as published; India’s Nifty 50 was the only index to rise.
United Arab Emirates
| Index | Close | Change |
|---|---|---|
| DFM General (Dubai) | 6,025.55 | -0.28% |
| FTSE ADX General (Abu Dhabi) | 9,392.60 | -1.34% |
The UAE trades on Friday: DFM’s published daily closing value and the FTSE ADX General from the exchanges’ own pages, read at 11:06 GMT.
Commodities and currencies
| Asset | Level | Change |
|---|---|---|
| Gold, COMEX (Dec’26), dollars an ounce | 4,078.20 | -0.86% |
| Silver, COMEX (Dec’26), dollars an ounce | 52.01 | -0.71% |
| Brent Crude, ICE (Jan’27), dollars a barrel | 98.13 | -0.16% |
| WTI Crude, NYMEX (Dec’26), dollars a barrel | 90.61 | +0.10% |
| US Dollar Index (DXY) | 102.00 | +0.44% |
| Euro/Dollar | 1.1173 | -0.40% |
| Sterling/Dollar | 1.3394 | -0.41% |
| Dollar/Yen | 158.25 | +0.37% |
Intraday quotes at 10:53 GMT, the metals and crude as of 10:43 GMT, in fixed order; snapshots, not settlements; futures from the prior settlement, the dollar and currencies from the previous close.
What to watch: the US Bureau of Labor Statistics releases the October employment report on Friday 6 November at 13:30 GMT.
Correction, 6 November 2026: an earlier version of this wrap carried Singapore’s Straits Times Index at 5,181.42, down 2.17%, a reading taken before the exchange’s final close; the close is 5,179.17, down 2.21%.
Closes are from the exchanges’ and administrators’ own pages, measured against Thursday 5 November’s closes as published, with run lengths counted against The Edge’s published records; percentages and counts not attributed to a source are The Edge’s calculations.
How these wraps are prepared: Methodology.
Sources: Nikkei Inc., Japan Exchange Group, Korea Exchange, Taiwan Stock Exchange, ASX, Shanghai Stock Exchange, Shenzhen Stock Exchange, Hang Seng Indexes, Singapore Exchange, National Stock Exchange of India, Dubai Financial Market, Abu Dhabi Securities Exchange, Reuters, US Bureau of Labor Statistics, CNBC, The Edge.
