Nasdaq Sinks 5.52% As Stock Losses Spread Across Asia

The Nasdaq Composite (IXIC) fell 5.52% to 24,315.00 on 5th November, while the S&P 500 (SPX) lost 4.36% to 7,353.73. Hong Kong shares were also lower on 6th November, extending the geographic reach of the declines across a second trading session.

The Nasdaq 100 (NDX) fell 6.36% to 26,629.81. That was a larger percentage loss than either the Composite or the S&P 500. The difference between the Nasdaq 100 and the S&P 500 was about two percentage points, showing that the scale of the decline varied considerably between the US benchmarks.

Selling also reached beyond those indices. The Dow Jones Industrial Average (DJI) lost 3.44% to 51,523.06 in the same completed US session. All four measures fell, although the Dow's decline was smaller than the other three. The losses follow the earlier US retreat covered in Bored Node's comparison of 30th October market moves in stocks, metals and oil.

TradingView's S&P 500 breadth data, which count rising and falling constituents, showed 429 decliners against 73 advancers. Its Nasdaq Composite page counted about 2,910 decliners and 477 advancers. The losses therefore extended across many shares rather than appearing only in the headline index values. These counts describe the platform's constituent coverage.

Nasdaq Breaks Below Its Recent Lows

The Nasdaq daily chart, captured at 08:56 UTC on 6th November after the US session had closed, shows Thursday's 24,262.14 low below the 25,145.95 low recorded on 2nd November. It was also the lowest point in the 80 daily candles saved for this assessment. The close at 24,315.00 leaves the index below that earlier floor.

Bored Node's calculations from those candles put the 20 session simple moving average at 26,214.59 and the 50 session average at 26,497.06. Each averages the daily closes over its stated period. Price below both, with the shorter average below the longer one, supports a weak daily trend reading.

Thursday's 24,262.14 low is the nearest support reference. A later daily close below it would confirm another break lower within the observed window. Recovering 25,145.95 on a daily closing basis would weaken that immediate continuation case, with Thursday's 25,559.03 high the next recovery reference. These are conditional tests of the recorded range, rather than guaranteed destinations.

Asia Falls As European Trading Begins

South Korea's KOSPI Composite Index lost 6.02% to 5,059.69 in TradingView's 6th November data. Germany's DAX was down 1.46% at 25,939.43 in an early European snapshot retrieved at about 08:32 UTC. The DAX feed was delayed by 15 minutes. The readings show declines in additional markets, although they measure different regional sessions.

The Hang Seng Index (HSI) stood at 24,481.86, down 1.27%, in TradingView data retrieved at 08:31 UTC on 6th November. The Hang Seng TECH Index was down 1.83% at 4,078.23 in the same snapshot. These observations belong to Friday's Hong Kong session; the US figures are Thursday's closing values.

Hong Kong Retains More Of Its Rebound

The Hang Seng daily chart, captured at 08:55 UTC on 6th November after the Hong Kong session had closed, shows a different structure. Its 24,481.86 reading remained above Bored Node's calculated 20 session average of 23,732.89 and 50 session average of 24,410.48. The shorter average was still below the longer one, so the recent rebound had not reversed their downward ordering.

The 5th November low of 24,281.77 is the nearest support reference from the preceding completed session. A daily close below it would weaken the latest rebound, while a close above that session's 24,871.92 high would support continuation of the recovery. A subsequent daily close back below 24,281.77 would invalidate that breakout case. Hong Kong's daily fall therefore comes from a stronger recent price position than the Nasdaq's break below both averages.

Crypto Also Trades Lower

Bitcoin (BTC) was at $75,496.56, down 0.64%, while Ethereum (ETH) stood at $2,222.76, down 0.55%, on TradingView's Coinbase dollar feeds retrieved at about 08:31 UTC on 6th November. Both daily candles were still forming. These changes compare the latest quote with the preceding daily close, rather than measuring the same hours as the completed US stock session.

The latest Bitcoin quote was also below the $77,202.75 recorded in Bored Node's 31st October assessment of its daily trend.