Asian Stocks Set to Gain After Tech-Powered Rally: Market…

On July 6, 2026, Asian equities experienced a decline for the first time in three days, primarily driven by renewed selling in technology stocks. This selling has raised concerns that the recent AI-driven rally may be unsustainable. The MSCI Asia Pacific Index initially dropped by 2.2% but later recovered slightly, closing with a loss of 1.5% as some dip buyers entered the market.

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By Anand Krishnamoorthy

July 6, 2026 at 6:10 PM EDT

Updated on July 7, 2026 at 1:55 AM EDT

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Asian equities dropped for the first time in three days as renewed selling in technology stocks deepened concerns that the AI-driven rally may have run ahead of itself.

The MSCI Asia Pacific Index dropped as much as 2.2% before dip buyers stepped in, helping the gauge pare the losses to 1.5%.

Read Original at Bloomberg.com →

Asian Stocks Set to Gain After Tech-Powered Rally: Markets Wrap