# Asian Shares Slide as Chip Stocks Tumble

> Asian markets drop as chip stocks fall amid US earnings and CPI focus.
- Title: Asian Shares Slide as Chip Stocks Tumble · The Economic Times
- Summary: Asian markets drop as chip stocks fall amid US earnings and CPI focus. Asian shares fell 0.3% as chip stocks dropped 4% after CXMT's memory-chip design…
- Keywords: asian shares, chip stocks, us earnings, cpi, msci asia pacific index, nasdaq 100 index, sk hynix, cxmt, sandisk corp, micron technology, meta platforms, brent crude oil
- Source: The Economic Times — https://economictimes.indiatimes.com/markets/us-stocks/news/global-market-today-asian-markets-slide-as-chip-stocks-tumble-investors-eye-us-earnings-cpi/articleshow/134905429.cms
- Author: Bloomberg
- Published: 2026-10-13T00:42:00+00:00
- Read time: 1 min
- Topics: asian shares, chip stocks, us earnings, cpi, msci asia pacific index, nasdaq 100 index, sk hynix, cxmt, sandisk corp, micron technology, meta platforms, brent crude oil
## Asian Shares Slide
Asian stocks dropped 0.3% as chip stocks fell 4% after CXMT's memory-chip design progress.
## Chip Stocks Tumble
SK Hynix shares fell 4% after CXMT said it made progress on a memory-chip design capable of storing more data.
## US Markets React
Sandisk Corp. slid 6% and Micron Technology Inc. declined 3.9% as investors eyed US earnings.
## AI Model Boost
Meta Platforms rose over 3% after unveiling its Muse Wonder AI model, bucking Nasdaq declines.
## Oil Prices Drop
Brent crude oil fell 0.6% to around $106 a barrel as dollar strength held gains.
## AI Trade Warnings
Broadcom CEO Hock Tan warned AI is a 'classic bubble' nearing a bursting point due to rising interest rates.

> Broadcom Inc. Chief Executive Officer Hock Tan the latest to flag concerns.
## Earnings Season Starts
US earnings season begins Tuesday with Goldman Sachs, JPMorgan, Citigroup and Wells Fargo reporting.
## Key takeaway

Asian shares fell 0.3% as chip stocks dropped 4% after CXMT's memory-chip design progress.