Artificial intelligence is drawing attention from central bankers at high-level Asian meetings, amid multi-decade highs in many government bond yields. Fed Chairman Kevin Warsh called AI a positive economic 'shock' that could fundamentally change monetary policy, and the Fed plans a hearing on productivity and jobs in the Bay Area on Nov. 16. People's Bank of China Governor Pan Gongsheng said the bank would evaluate AI's impact and improve financial support for the sector. Former Fed vice chairman Donald Kohn said AI may already be weighing on workers' wage demands, as U.S. wages have kept falling despite near full employment. The IMF warned that many Asian economies, from Indonesia to China, are vulnerable to a downturn in AI demand and should build fiscal and external buffers, while Adam Posen said profits could rotate to other industries if AI stocks correct, with the real economy largely unaffected.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on cnbc.com ↗
Keywords
artificial intelligencecentral bankemploymentFedAsia
Open a keyword to see other news on the same topic.
Related tickers and likely impact
DXY
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/21/2026 | 101.70 |
| Change that session | 0.00% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Gold may trade up to USD 5 , 000 / oz over next two years as central banks sustain demand : Report
According to a report by NDB Wealth Management, gold could trade between USD 4,200 and USD 5,000 per ounce over the next 12–24 months, as central bank purchases and strong Asian investor demand increasingly drive prices rather than US interest rate moves. At the time of filing, gold was at USD 4,118.91 per ounce, down 0.14%, yet it has kept rising despite higher US rates, persistent inflation and a firmer dollar. Central banks bought 289 tonnes in Q2 2026, while Asian gold funds recorded net inflows of nearly 70 tonnes in the first half, a record, and North American gold funds saw outflows of around 61 tonnes. The World Gold Council projects about 850 tonnes of central bank buying in 2026, close to the 863 tonnes recorded in 2025, while mine output is forecast to rise only 2.4% to 3,907 tonnes. The base case, given a 50% probability, sees prices fall if lasting peace in the Gulf, easing inflation and a pause in US rate hikes materialise, or rise on concerns over US government finances and the Fed's independence.
- Asian Shares Surge After Warsh Comments On AI
Asian stocks rose on Friday as tech shares rebounded after Federal Reserve Chair Kevin Warsh said at the IMF-World Bank meetings in Bangkok that artificial intelligence is a major force in the global economy. Warsh stressed the long-term significance of AI, calling it “the most profound economic transformation of a lifetime,” which boosted investors’ appetite for riskier assets. He avoided predictions on upcoming Federal Reserve rate decisions.
- Asian Shares Surge After Warsh Comments
Asian stocks rose on Friday as tech shares rebounded after Federal Reserve Chair Kevin Warsh told the IMF-World Bank meetings in Bangkok that artificial intelligence is a major force in the global economy. He stressed AI's long-term importance but did not predict upcoming Fed rate decisions. Warsh described AI as “the most profound economic transformation of a lifetime,” which helped lift investors' appetite for riskier assets.
- Asian Markets Track Wall Street Higher
Asian stock markets were mostly higher on Friday, tracking broadly positive overnight cues from Wall Street, with strong gains in Japan and South Korea as technology and semiconductor stocks rebounded from a recent sell-off over concerns about rising costs of financing AI investments. Asian markets mostly ended lower on Thursday. Despite hotter-than-expected US inflation data released over the past two days, CME Group's FedWatch Tool suggests the US Federal Reserve is still likely to leave rates unchanged later this month.
- Tech sell - off deepens as US inflation sparks AI jitters - Markets
Asian stocks plunged on Thursday as tech firms suffered another rout after U.S. inflation data, with consumer prices up 3.7% in September, fueled expectations of further Federal Reserve rate hikes. Seoul took the heaviest losses: the Kospi fell more than 8% and triggered a brief trading halt, with SK hynix down more than 11% and Samsung more than 9%. Tokyo fell close to 6%, led by Advantest, Kioxia and SoftBank, while Taipei lost more than 3% as TSMC dropped 2% despite its record quarterly profit. European markets were more resilient, helped by lower tech exposure and falling oil prices. Analysts cited worries over AI spending, high valuations and Chinese competition, and noted that the Fed's October 28 decision, a week before the U.S. midterm elections, is in focus.
- Why a global bank is slashing thousands of jobs — and what the Fed says about AI replacing workers
Related markets
Latest news
- Musk's wants to merge SpaceX and Tesla: Here's what to know
Musk said SpaceX and Tesla have formed special committees to study a merger, which would be worth about $3.5 trillion combined and would be the largest corporate deal in history. SpaceX, valued at about $2 trillion after a record listing this year, absorbed Musk's AI startup xAI in February, while Tesla is valued at about $1.5 trillion. Musk holds about 82 percent of SpaceX's voting power but only about 20 percent at Tesla. Dan Ives puts the odds of a deal at 90 percent by early 2027, though Musk called the requirement of a majority of all Tesla shares 'quite a high hurdle'. Loyal retail investors hold an estimated 25 to 27 percent of Tesla shares, and legal obstacles appear slight because both companies moved their incorporation to Texas from Delaware.
- CoreWeave and Nebius Stocks Are Crashing. Time to Buy the Dip?
Shares of Nebius and CoreWeave each fell 25% in the week of October 12 to 16. The sell-off stems from the yield on CoreWeave's debt in the secondary market surging to 15%, versus roughly 5% on Treasuries, which pushes the debt into 'distressed' territory and signals doubts about its ability to meet obligations. Nebius sold off in sympathy as a fellow neocloud company. The bigger concern is that both companies must keep issuing debt to fund data centers, and if yields are high at issuance, the assumption of nearly unlimited cheap capital could be challenged. The author says it is unclear whether now is the time to buy.
- Disney’s multiplatform Super Bowl plan frustrates ABC affiliates
ABC station owners are irritated that Disney is airing the Super Bowl across several platforms, including Disney+, ESPN2, NFL Network and ESPNU, even though the game is already on ABC and ESPN. A station group CEO estimates that the combined platforms could cut broadcast ad revenue by up to 35% compared with last year. Local affiliates typically earn about 3% of annual ad revenue from the Super Bowl and pay network owners reverse retransmission fees, but Disney+ lacks geofenced ad insertion, so affiliates cannot sell ads to streaming viewers. Disney says national commercials will be identical on all platforms and that streaming major live events is standard industry practice. Super Bowl LX drew 125.6 million viewers in February.
- Meta’s deal to keep Zuckerberg in California adds fuel to wealth tax debate ahead of election
Meta says Mark Zuckerberg will remain in California for eight years and has created a new stock plan that could help cover his taxes if Proposition 40, a 5% tax on Californians worth over $1 billion, passes on Election Day on Nov. 3. According to a filing released with its third-quarter earnings, Meta will issue non-voting Class C shares starting in January, and Zuckerberg can sell or transfer up to 20% of the shares granted to him without affecting his majority voting control. The filing says Zuckerberg’s leadership is crucial to the company’s growth and its AI ambitions, including Meta Superintelligence Labs. Most of the tech industry opposes the measure, while a recent Citrin-Politico poll found 46% in favor and 43% against, suggesting it may fall short of the majority support it needs.
- Nasdaq sell-off: A momentum unwind 'for the record books'
Matt Stucky, chief portfolio manager for equities at Northwestern Mutual Wealth Management, calls Thursday’s sell-off in the Nasdaq Composite (^IXIC) a momentum unwind “for the record books.” He says the market spent the first half of 2026 driven by a beta and momentum trade led by semiconductors, but in the third quarter, as rates rose, money shifted into quality stocks. He does not think the sell-off is justified by fundamentals, arguing that institutional portfolio managers swapping out of factor positions can drag down whole baskets of stocks. In semiconductors, spot rental rates for Nvidia Blackwell chips are higher than a month ago, showing tightening compute supply, even as financing costs rise and investors worry about neocloud business models and the rising cost of insuring their bonds.
- Dune launches real-time data feeds covering 200 onchain trading venues
Blockchain analytics platform Dune has launched real-time market data feeds covering more than 200 onchain trading venues, aiming to bring this data into the systems of traditional financial institutions. The feeds draw trade data from 12 blockchains, including Ethereum, Solana and Base, about one second after execution, covering both spot trading on decentralized exchanges and perpetual futures on Hyperliquid and Lighter. Early clients include quant funds, market makers, asset managers and bank trading desks, which use the data to assess liquidity and compare prices, though Dune did not name them. Meanwhile, the tokenized stock market has grown sharply, with distributed value reaching $3.58 billion, but 16 companies, including Microsoft, Alphabet and Goldman Sachs, have objected to their shares being traded on OKXICE’s proposed platform, and liquidity remains fragmented.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.