---
title: "Asian markets retreat as high oil prices and Wall Street tech softness weigh on sentiment"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/287016679.md"
description: "Asian markets declined on Wednesday, influenced by Wall Street's weakness, especially in chipmakers and AI stocks. Elevated crude oil prices further dampened global risk sentiment, with gold prices dropping below $4,500 an ounce after a nearly 2% fall in the previous session. WTI crude futures remained around $104 per barrel."
datetime: "2026-05-20T06:32:21.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/287016679.md)
  - [en](https://longbridge.com/en/news/287016679.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/287016679.md)
---

# Asian markets retreat as high oil prices and Wall Street tech softness weigh on sentiment


### Related Stocks

- [OXY.US](https://longbridge.com/en/quote/OXY.US.md)
- [GLD.US](https://longbridge.com/en/quote/GLD.US.md)
- [OIH.US](https://longbridge.com/en/quote/OIH.US.md)
- [GOEX.US](https://longbridge.com/en/quote/GOEX.US.md)
- [SGOL.US](https://longbridge.com/en/quote/SGOL.US.md)
- [GLDM.US](https://longbridge.com/en/quote/GLDM.US.md)
- [RING.US](https://longbridge.com/en/quote/RING.US.md)
- [IAU.US](https://longbridge.com/en/quote/IAU.US.md)
- [IEZ.US](https://longbridge.com/en/quote/IEZ.US.md)
- [JNUG.US](https://longbridge.com/en/quote/JNUG.US.md)
- [XOP.US](https://longbridge.com/en/quote/XOP.US.md)
- [GDXW.US](https://longbridge.com/en/quote/GDXW.US.md)
- [NUGT.US](https://longbridge.com/en/quote/NUGT.US.md)
- [GDXJ.US](https://longbridge.com/en/quote/GDXJ.US.md)
- [IXC.US](https://longbridge.com/en/quote/IXC.US.md)
- [USO.US](https://longbridge.com/en/quote/USO.US.md)
- [SGDM.US](https://longbridge.com/en/quote/SGDM.US.md)
- [XLE.US](https://longbridge.com/en/quote/XLE.US.md)
- [CRAK.US](https://longbridge.com/en/quote/CRAK.US.md)
- [GDXU.US](https://longbridge.com/en/quote/GDXU.US.md)
- [GDXY.US](https://longbridge.com/en/quote/GDXY.US.md)

## Related News & Research

- [Eidesvik Offshore says Equinor extends Viking Avant supply vessel contract to end-2026](https://longbridge.com/en/news/287028389.md)
- [IEA chief Birol: commercial oil inventories depleting rapidly, only weeks left](https://longbridge.com/en/news/286746172.md)
- [30-year Treasury yield tops 5% as inflation pressures mount](https://longbridge.com/en/news/286379157.md)
- [Oil rises more than 1% after drone attack on UAE nuclear power plant](https://longbridge.com/en/news/286683769.md)
- [BUZZ-Fervo Energy surges 37% in electric New York debut](https://longbridge.com/en/news/286296665.md)