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S&P 500 logs biggest weekly fall since June as Nasdaq 100 drops 2.5%

NewsFeeds update

US stocks fell on 16 October, with the S&P 500 down 1.1% for its biggest weekly drop since June and the Nasdaq 100 down 2.5% on the day, its worst week since April 2025. Higher oil prices revived inflation worries, while doubts over the AI investment boom hit chip stocks and CoreWeave.

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The story so far: KOSPI decline led by chipmakers

An AI-led selloff after Democratic US midterm wins hit Asian chip stocks and pushed the KOSPI down over 5%. South Korea's finance minister called an emergency market meeting and exempted broker margin guarantees for three months; the waiver of the 140% margin loan collateral rule now runs three months from 9 November.

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  1. S&P 500 logs biggest weekly fall since June as Nasdaq 100 drops 2.5%

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