{"id":64091,"date":"2026-07-01T20:38:14","date_gmt":"2026-07-02T00:38:14","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-under-pressure-as-tech-rout-hits-asia-oil-slips-on-supply-outlook\/64091\/"},"modified":"2026-07-01T20:38:14","modified_gmt":"2026-07-02T00:38:14","slug":"global-markets-under-pressure-as-tech-rout-hits-asia-oil-slips-on-supply-outlook","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-under-pressure-as-tech-rout-hits-asia-oil-slips-on-supply-outlook\/64091\/","title":{"rendered":"Global Markets Under Pressure as Tech Rout Hits Asia; Oil Slips on Supply Outlook"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-under-pressure-as-tech-rout-hits-asia-oil-slips-on-supply-outlook\/64091\/#Key_Takeaways\" >Key Takeaways<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-under-pressure-as-tech-rout-hits-asia-oil-slips-on-supply-outlook\/64091\/#Tech_Rout_Triggers_Asian_Market_Turmoil\" >Tech Rout Triggers Asian Market Turmoil<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-under-pressure-as-tech-rout-hits-asia-oil-slips-on-supply-outlook\/64091\/#Energy_and_Commodities_Oil_Slips_Gold_Finds_Support\" >Energy and Commodities: Oil Slips, Gold Finds Support<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-under-pressure-as-tech-rout-hits-asia-oil-slips-on-supply-outlook\/64091\/#Corporate_Developments_and_AI_Innovation\" >Corporate Developments and AI Innovation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-under-pressure-as-tech-rout-hits-asia-oil-slips-on-supply-outlook\/64091\/#Japanese_Economic_Data_and_Capital_Flows\" >Japanese Economic Data and Capital Flows<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-under-pressure-as-tech-rout-hits-asia-oil-slips-on-supply-outlook\/64091\/#Geopolitical_Risks_Intensify\" >Geopolitical Risks Intensify<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Key_Takeaways\"><\/span>Key Takeaways<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Asian equities plunged at the open<\/strong>, with the <strong>Nikkei 225 falling 1.67%<\/strong> and the <strong>KOSPI<\/strong> triggering a &quot;sidecar&quot; trading curb following a sharp tech-led selloff on Wall Street.<\/li>\n<li><strong>U.S. Crude Futures fell 1.15%<\/strong> as U.S.-Iran negotiations concluded in Doha and the EIA forecast global oil supply to outpace demand through 2027.<\/li>\n<li><strong>Takeda Pharmaceutical (<a href=\"\/stock\/TAK\">TAK<\/a>)<\/strong> signed a major AI-driven drug discovery deal with <strong>Insilico Medicine<\/strong> worth up to <strong>$600 million<\/strong> for global development rights.<\/li>\n<li><strong>Japan&#39;s monetary base contracted by 13.7%<\/strong> in June, a significantly sharper decline than the estimated 10.0%, as foreign investors offloaded <strong>\u00a51.8 trillion<\/strong> in Japanese stocks.<\/li>\n<li><strong>Geopolitical tensions escalated<\/strong> as Poland launched fighter jet patrols in response to Russian strikes on Ukraine, while <a href=\"https:\/\/stockmarketwatch.com\/metal\/gold\" data-internallinksmanager029f6b8e52c=\"4\" title=\"gold price today\">gold<\/a> gained support from central bank commentary.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Tech_Rout_Triggers_Asian_Market_Turmoil\"><\/span>Tech Rout Triggers Asian Market Turmoil<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Asian markets faced intense selling pressure on Thursday morning, following a weak lead from U.S. technology stocks. The <strong>Nikkei 225<\/strong> dropped <strong>1.67%<\/strong> in early trade, while South Korea\u2019s <strong>Korea Exchange<\/strong> was forced to activate a <strong>KOSPI sidecar<\/strong> trading curb to manage volatility. This mechanism temporarily halts program trading to prevent a market crash during periods of extreme price fluctuations.<\/p>\n<p>The weakness in Seoul comes despite strong AI-driven semiconductor exports. Analysts note that while chip demand is boosting economic activity, it is also increasing the risk of broader inflationary pressures. This has led to a more <em>hawkish policy outlook<\/em> from the <strong>Bank of Korea<\/strong>, further weighing on investor sentiment.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Energy_and_Commodities_Oil_Slips_Gold_Finds_Support\"><\/span>Energy and Commodities: Oil Slips, Gold Finds Support<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>U.S. Crude Futures<\/strong> extended their losses, dropping <strong>1.15%<\/strong> following the conclusion of diplomatic negotiations between the U.S. and Iran in Doha. Market participants are also weighing a bearish outlook from the <strong>EIA<\/strong>, which expects global oil supply to outpace demand through 2027. The agency forecasts <strong>Brent crude<\/strong> to average approximately <strong>$57.69\/bbl in 2026<\/strong> and <strong>$53\/bbl in 2027<\/strong>.<\/p>\n<p>Conversely, <strong>Gold<\/strong> prices edged higher, supported by recent commentary from central bankers and supportive economic data. The precious metal continues to serve as a <em>safe-haven asset<\/em> amid rising geopolitical uncertainty in Eastern Europe and concerns over a potential currency crisis in Japan.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Corporate_Developments_and_AI_Innovation\"><\/span>Corporate Developments and AI Innovation<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Takeda Pharmaceutical (<a href=\"\/stock\/TAK\">TAK<\/a>)<\/strong> announced a strategic agreement with <strong>Insilico Medicine<\/strong> for AI-driven drug discovery. The deal, valued at up to <strong>$600 million<\/strong>, grants Takeda exclusive global rights to develop and commercialize specific assets. This move highlights the pharmaceutical industry&#39;s increasing reliance on <em>artificial intelligence<\/em> to accelerate research and development timelines.<\/p>\n<p>In other news, the <strong>International Booker Prize<\/strong> has secured new funding from the billionaire founders of <strong>Playrix<\/strong>, the mobile gaming giant. This ensures the long-term stability of one of the world&#39;s most prestigious literary awards following the end of previous sponsorship arrangements.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Japanese_Economic_Data_and_Capital_Flows\"><\/span>Japanese Economic Data and Capital Flows<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Japan released disappointing economic indicators, showing the <strong>monetary base contracted 13.7% year-over-year<\/strong> in June. This was worse than the <strong>-12.2%<\/strong> recorded in the previous month and missed analyst estimates of a <strong>10.0%<\/strong> decline. The total monetary base ended the period at <strong>\u00a5559.98 trillion<\/strong>.<\/p>\n<p>Capital flow data for the week of June 27 revealed significant divestment by foreign entities. Foreign investors sold a net <strong>\u00a51.816 trillion<\/strong> in Japanese stocks, a sharp reversal from the prior week&#39;s buying. Meanwhile, traders are reportedly plotting &quot;worst-case scenarios&quot; for the <strong>Yen<\/strong> as fears of a systemic currency crisis persist.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Geopolitical_Risks_Intensify\"><\/span>Geopolitical Risks Intensify<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Geopolitical instability remains a primary concern for global markets. The <strong>Polish Army<\/strong> confirmed it launched fighter jet patrols early Thursday morning as <strong>Russia<\/strong> conducted a fresh wave of strikes against <strong>Ukraine<\/strong>. Local authorities in <strong>Kyiv<\/strong> reported fires near administrative buildings following the attacks, maintaining a high risk premium on European assets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Asian equities plunged at the open, with the Nikkei 225 falling 1.67% and the KOSPI triggering a &quot;sidecar&quot; [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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