Asia stocks mixed as Korean chipmakers slide on CXMT threat Roushni Nair Sun, October 11, 2026 at 11:55 PM EDT 3 min read ^GSPC +0.59% ^DJI +0.83% ^IXIC +0.64% ^NDX +0.51% Investing.com -- Asian stocks were mixed on Monday as South Korean shares tumbled on renewed competition concerns in the memory-chip market, while oil retreated amid uncertainty over a proposed Russia-Ukraine energy truce.
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The KOSPI fell 3.5%, while Hong Kong's Hang Seng rose 0.2% and China's CSI 300 slipped 0.8%.
Trading was thin on Monday, with Japan's cash equity markets closed for Sports Day and U.S. bond markets shut for Columbus Day. U.S. stock exchanges remained open, while Treasury cash trading was suspended for the holiday.
Wall Street extended its record-setting week on Friday, with the S&P 500 up 0.6%, the Dow Jones Industrial Average gaining 0.8% and the Nasdaq Composite rising 0.6%.
In Asian trade, Nasdaq 100 futures rose 0.2% to 31,163.25 and S&P 500 futures gained 0.2% to 7,877.75.
Markets are looking to U.S. consumer and producer inflation data and retail sales figures this week for clues on the Federal Reserve's next moves. Markets price an 18% chance of a Fed rate hike this month and an 85% probability of an increase in December.
South Korea's KOSPI slumped as trading resumed after a long weekend, with SK Hynix falling 2.6% and Samsung Electronics losing 2.3%. LG Innotek plunged 13.1%.
The pressure followed progress reported by Chinese memory-chip maker ChangXin Memory Technologies (CXMT) in its 4F² DRAM architecture, which is designed to increase memory density.
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CXMT is targeting a year-end launch for next-generation DDR5 server-memory modules, potentially intensifying competition with Samsung and SK Hynix in the higher-value server-memory market. TrendForce reported that the design could increase memory density by 30%-50%.
Other technology shares were mixed. Largan rose 8%, Foxconn gained 2.6% and Taiwan Semiconductor Manufacturing slipped 0.4%.
Attention is also turning to TSMC's results on Thursday, with analysts expecting a sixth consecutive quarter of record earnings, driven by AI-chip demand and advanced CoWoS packaging. Consensus forecasts point to third-quarter net profit of T$746.3 billion ($23.4 billion), up 65% year-on-year.
Geely Automobile rose 2.5% after announcing plans to enter Canada, with its first vehicle sales targeted for 2027.
Meanwhile, China and the EU reached a 16-point consensus on trade, investment, export controls and intellectual property, with Beijing agreeing to curb hybrid-car exports as the bloc considers safeguard measures.
Australia's S&P/ASX 200 rose 0.8%, but MAAS Group fell 11.2% to A$4.11, extending losses after AI data-centre operator Firmus cancelled its planned $5 billion IPO.
Oil retreated after an early advance. Brent crude fell 1.3% to $103.38 a barrel, while U.S. crude declined 1.7% to $90.29, both remaining below recent highs. Weekend attacks by Yemen's Iran-backed Houthis on shipping and Riyadh's main airport renewed fears of a broader regional conflict and further energy-supply disruptions.
President Donald Trump's claim that Russia and Ukraine had agreed to an immediate energy ceasefire remained unconfirmed by either side. Ukrainian President Volodymyr Zelenskyy said no agreement had been finalised, while Trump's proposal for Russia to increase diesel exports drew objections from Republican and Democratic senators, who questioned whether it could be illegal.
Elsewhere, the NZX 50 gained 0.6% to 13,827.62, Singapore's Straits Times rose 0.3%, and Indonesia's Jakarta Composite fell 1.9%. India's Nifty 50 fell 0.7%, while the Sensex lost 0.8%.
Third-quarter earnings will test whether corporate profits can sustain equity valuations as financing costs rise. Major U.S. banks begin reporting on Tuesday, ahead of TSMC's results on Thursday.
Asia stocks mixed as Korean chipmakers slide on CXMT threat
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