NYSE:OII News 16 December 2025

February 5, 2026, 8:33 PM EST. Asia-Pacific markets faced renewed pressure Friday, led by South Korea's Kospi plunging as much as 5% before closing down 3.65%, extending losses from a sharp Wall Street tech sell-off. Key chipmakers Samsung Electronics and SK Hynix fell over 3%, while Hyundai Motor and defense firm Hanwha Aerospace dropped more than 5%. Japan's Nikkei and pharmaceutical stocks also slipped, influenced by U.S. drug pricing policy changes. Australia's S&P/ASX 200 declined 1.83%, and Hong Kong's Hang Seng futures fell. U.S. indexes closed lower overnight with the Nasdaq down 1.59%, dragging the S&P 500 into negative territory for the year. The downturn was fueled by investor concerns over Alphabet's capital expenditure plans and Qualcomm's cautious forecast, shaking confidence in the tech sector globally. Commodities followed suit as silver prices continued steep falls after recent significant losses.