News · clickondetroit.com

Asian shares mostly rebound from AI-related losses, while oil prices jump

World shares were mixed on Friday while oil prices hovered near their highest since May on worries about the war with Iran. Brent crude rose 0.8% to $114.02 a barrel and U.S. benchmark crude gained 1.1% to $100.60. In Europe, Germany's DAX lost 0.4%, the CAC 40 shed 0.6% to 7,765.74 and the FTSE 100 fell 0.4% to 10,685.86, while in Asia the Nikkei 225 slipped 0.3% as the Kospi, Hang Seng and Shanghai Composite gained. On Thursday the S&P 500 fell 1.2% and the Nasdaq tumbled 2.6% as AI-related stocks swung on worries about expensive borrowing for data centers and AI chips, with Meta down 7%, Tesla down 3.1%, Nvidia down 4.4% and CoreWeave down 10.1%. The 10-year Treasury yield fell to 4.97% from 5.13%, and early Friday the U.S. dollar rose to 156.93 yen while the euro fell to $1.1203.

Summary written by Upside AI from the original article. Read the source for full details.

Original headline: Asian shares mostly rebound from AI - related losses , while oil prices jump

Read the original on clickondetroit.com ↗

Keywords

oil pricesIranartificial intelligenceAsia

Open a keyword to see other news on the same topic.

Related tickers and likely impact

VNINDEX

• Neutral

Relevance: low

MarketVietnam stocks
Close on 10/23/20261,774.15
Change that session+0.77%
VNINDEX price, forecasts and signals →

XAU/USD

▲ Likely positive

Relevance: low

MarketGold
Close on 10/22/20264,024.59
Change that session-2.82%
XAU/USD price, forecasts and signals →

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

Related news

  • U . S . stocks join global retreat as war drums start beating again

    U.S. stocks, other than the Dow, fell on Thursday as a sell-off in technology shares dragged markets down. The S&P 500 lost 93.78 points to 7,663.39 (down 1.21%), while the Nasdaq Composite plunged 694.00 points to 26,008.86 (down 2.60%); the Dow Jones edged up 10.76 points to 52,866.85 (up 0.02%). Oil prices jumped after reports that Israel and the United States plan to resume bombing Iran after the midterm elections, and demand for Treasury bonds spiked, pushing yields lower. Most markets in Canada, the UK, Europe and Asia also closed lower, with Hong Kong's Hang Seng down 3.03% and South Korea's KOSPI down 3.52%. The U.S. dollar was mixed: the euro (EUR-USD 1.1219) and Australian dollar (AUD-USD 0.7020) weakened, while the yen, pound, Canadian dollar and Swiss franc strengthened.

    myanmarnews.net·▼ QQQ▼ SPY▲ XAU/USD▲ DXYIranoil pricesUS dollar
  • Asia Unexpectedly Delivers Bad News for Iran

    Iran's floating oil storage in Asian waters, which had allowed it to keep selling crude to China, ran out by mid-October according to Kpler. About 135 million barrels were stored outside Iran's territory when the conflict began, mostly off Malaysia and Singapore, and the stock fell sharply after the U.S. reimposed its blockade in mid-July. CENTCOM said the blockade has cost Tehran at least $25 billion in oil revenue. Oil accounts for an estimated 30% to 40% of Iranian government income, and the rial has lost about a third of its value against the dollar since early July. Tehran rejects claims that its economy is heading for collapse, and the central bank governor called such predictions “illusions.”

    CafeF·Iranoil pricesgeopolitics
  • World shares retreat as report of damage to oil tankers pushes oil prices higher

    World shares and U.S. futures fell after Iran's state TV reported that seven oil tankers caught fire and were damaged in the Strait of Hormuz, pushing oil more than 2% higher; if confirmed, it would be the most vessels damaged in the waterway in a single day since the Iran war began on Feb. 28. Brent rose 3.2% to $112.27 a barrel and U.S. crude gained 2.8% to $99.80. In Asia, Japan's Nikkei 225 lost 2.7% on heavy selling of big tech names such as SoftBank, South Korea's Kospi fell 3.5% and Hong Kong's Hang Seng dropped 3%, as AI stocks came under pressure over worries that data center construction may slow as borrowing becomes more expensive. On Wall Street the previous day, SpaceX's stronger profit lifted stocks, while Netflix fell 5.3% despite beating profit expectations on concerns its momentum may be slowing.

    ksat.com·▼ SPY▼ QQQ▲ PAXG/USDT▲ XAUT/USDToil pricesStrait of HormuzIran
  • Asian shares retreat as report of damage to oil takers pushes oil prices higher

    Asian shares and U.S. futures fell Thursday after Iran's state television reported that seven oil tankers caught fire and were damaged in the Strait of Hormuz, pushing Brent crude up 2.1% to $111.11 a barrel. If confirmed, it would be the largest number of vessels damaged in the waterway in a single day since the Iran war began on Feb. 28. Tokyo's Nikkei 225 lost 2.7% on heavy selling of tech names such as SoftBank Group and Tokyo Electron, while South Korea's Kospi dropped 3.5%, led by Samsung Electronics and SK Hynix. AI stocks came under pressure over worries that data center construction may slow as borrowing becomes more expensive. On Wall Street Wednesday, the S&P 500 rose 0.6% after strong profit reports from SpaceX, whose shares climbed 7.8%.

    dailygazette.com·▼ VNINDEX▼ SPY▲ XAU/USDoil pricesStrait of HormuzAsia
  • Iran floating oil reserves in Asia run dry under US naval blockade , WSJ reportsinvestinglive.com·▼ PLX▲ PVD▲ PVT▼ SPYIranoil pricesAsia
  • Asian Markets Trade Mixed

    Asian stock markets are trading mixed as inflation worries tied to crude oil eased on reports of a possible peace deal between the U.S. and Iran, mediated by Pakistan and Qatar. The S&P/ASX 200 slipped 10.80 points (0.12%) to 8,806.10 after Reserve Bank of Australia Deputy Governor Andrew Hauser said inflation was 'materially worse', and markets now price a 44 percent chance of a November rate hike, up from 30 percent on Monday. Japan's Nikkei 225 gained 748.13 points (1.17%) to 64,823.55, led by exporters, financials and technology stocks. NextDC shares plunged almost 40 percent after it slashed guidance on power delays at its M3 data centre in Melbourne. Japan's September merchandise trade deficit was 536.6 billion yen, wider than the forecast 181.0 billion yen, as exports rose 16.7 percent on year, short of expectations of 20.1 percent.

    finanznachrichten.de·Asiaoil pricesIran

Related markets

Vietnam stocks →Gold →

Latest news

  • PJX Resources Commences First-Ever Drilling at High-Priority Gar Gold Target on Zinger Property

    PJX Resources has started its first-ever drilling at the high-priority Gar gold target on its Zinger Property in southeastern British Columbia, following renewal of the property's five-year drilling permit. The program will test a 1,600-metre-long gold-in-soil anomaly, with geological traits similar to Snowline Gold's Valley discovery and Kinross Gold's Fort Knox deposit. Grab samples from surface quartz veins returned gold values of up to 28.84 g/t, and visible gold has been seen in the veins. At the Dewdney Trail Property, about 2,700 metres of a planned 4,000-metre program is complete at Estella Basin; due to deteriorating weather, drilling there was postponed until next year and the drill was moved to Gar. Given the target's size and the approaching winter, the initial Gar program will test only part of its potential.

    Yahoo Finance·goldminingCanada
  • Is Plug Power Under $1.50 a Bargain or a Trap? Here's the Honest Answer.

    Plug Power (PLUG) shares are down roughly 52% over the past year, trade near their 52-week low, and sit below $1.50 per share. In Q2, revenue rose roughly 9% year over year to about $178 million and gross margin reached breakeven, up from -31% a year earlier, though the company still posted a net loss of roughly $190 million. Plug Power reported about $134 million in cash and equivalents and said Q3 net cash usage was just $28 million. However, the article suggests another large loss is likely and that continued stock dilution is a very likely outcome, as the share count has risen more than 140% over the past five years.

    Yahoo Finance·earningshydrogen energy
  • Alphabet and Microsoft are on both sides of the AI boom's biggest bills: Chart of the Day

    Microsoft and Alphabet both rent computing power to AI labs and hold stakes in them, but this quarter Microsoft gained while Alphabet lost: Microsoft shares rose about 2% after hours, while Alphabet fell nearly 10%. OpenAI paid Microsoft $10 billion in the quarter ended September, about 11% of its $92 billion revenue, but unpaid OpenAI bills rose to about $7 billion and Microsoft's backlog slipped to about $677 billion. Alphabet's holdings, including about 14% of Anthropic and a stake in SpaceX, produced a nearly $9 billion loss that cut earnings by $0.55 a share to $2.12. Alphabet spent $51 billion on data centers and equipment and burned about $9 billion in free cash flow for a second straight quarter, funding the gap with $29 billion of bonds and $12 billion of new shares. Google Cloud revenue doubled to about $31 billion, and its backlog rose to $561 billion from $514 billion.

    Yahoo Finance·• GOOGL• MSFTartificial intelligenceearningscloud computing
  • Bank of England sets out approach to tokenised collateral in central clearing

    The Bank of England has launched a consultation supporting central counterparties (CCPs) in accepting tokenised forms of eligible collateral. Tokenisation could allow faster and more efficient mobilisation and management of collateral across jurisdictions, helping firms respond to margin calls and supporting innovation in central clearing. The Bank says the existing regulatory framework is not a barrier, provided tokenised collateral can still be valued, transferred and realised when needed, including in stressed conditions. A proposed Supervisory Statement would clarify how the Bank assesses applications involving tokenised collateral, and the consultation closes on 12 February 2027.

    Bank of England·UKcentral banktokenization
  • ECB President Lagarde to step down on 7 February 2027

    ECB President Christine Lagarde informed the Governing Council and European Council President António Costa that she will step down on 7 February 2027. Her successor will be appointed by the European Council through the nomination process set out in Article 283 of the Treaty on the Functioning of the European Union. The Governing Council thanked her warmly and gave her a long standing ovation.

    ECB·• EUR/USDECBChristine Lagardeeuro
  • Earnings from Amazon, Eli Lilly, and Starbucks: What to Watch

    Amazon reports third-quarter results after the bell, with Wall Street expecting revenue of just over $202 billion. Investors will focus on Amazon Web Services, whose revenue surged 37% last quarter, and on holiday shopping demand. Eli Lilly is also reporting, and analysts expect it could raise its full-year guidance again on strong demand for its weight-loss drugs, though a tougher year-over-year comparison could weigh on results. Starbucks is expected to post US same-store sales growth above 6%, helped by new drinks, food and store improvements. September's PCE index, due Thursday, is expected to tick up slightly month-over-month and could offer clues about the Fed's next rate move in December after today's FOMC hold.

    Yahoo Finance·• AMZNAMZNearningsinflation

All news →

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.