Asian markets tumble as Alphabet earnings miss drags Nasdaq futures
CNA reported that Asian equity markets fell on 22 October 2026 after Alphabet’s after-hours earnings miss erased about $40 billion in market value and pulled Nasdaq futures lower, contributing to a broader regional sell-off. Earlier in the week, Asian stocks had risen sharply on optimism surrounding AI-related IPOs, particularly after AI firm Anthropic filed for an IPO, Reuters said. The same optimism lifted U.
S. indexes, with the Dow Jones Industrial Average gaining more than 200 points Upstox noted, while falling crude-oil prices also supported the rally. Later, strong earnings from SK hynix, which posted a 632 % jump in operating profit, further boosted Asian technology shares, Euronews reported.