Asian shares fell as a tech sell-off hit markets: MSCI's Asia-Pacific index excluding Japan dropped 0.3% on Friday, for a 2.7% weekly loss and a fourth straight weekly decline, with Japan's Nikkei down 1.3% and South Korea's KOSPI down 1.7%. On Wall Street, the Nasdaq fell more than 2%, and Meta shares lost nearly 8% after the company posted its first cash outflow in over a decade due to AI-related spending. Money flowed into US Treasuries, pushing the 10-year yield down more than 19 basis points to 4.9591%, below the 5% level. The implied probability of a December Fed rate hike fell to 85%, while Brent oil hit a five-month peak of US$114 a barrel. Gold was flat at US$4,021.99 an ounce after a nearly 3% overnight drop, failing to attract safe-haven demand.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on freemalaysiatoday.com ↗
Keywords
Asiaartificial intelligencebondsFedoil prices
Open a keyword to see other news on the same topic.
Related tickers and likely impact
NVDA
▼ Likely negativeNvidia
Relevance: high
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/22/2026 | 212.28 |
| Change that session | -4.36% |
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/22/2026 | 704.59 |
| Change that session | -2.84% |
AMZN
▼ Likely negativeAmazon
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Broadline Retail |
| Market cap | $2.7T |
| Close on 10/22/2026 | 250.49 |
| Change that session | -4.53% |
DXY
▼ Likely negativeRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/22/2026 | 101.62 |
| Change that session | -0.07% |
GOOGL
▼ Likely negativeAlphabet Inc. (Class A)
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $4.3T |
| Close on 10/22/2026 | 324.21 |
| Change that session | -3.15% |
META
▼ Likely negativeMeta Platforms
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.9T |
| Close on 10/22/2026 | 648.91 |
| Change that session | -6.97% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Asian shares slip as sharp drops for AI stocks overwhelm markets worldwide and oil prices jump – Winnipeg Free Press
Asian shares mostly fell after a fresh slump in artificial-intelligence stocks weighed on markets worldwide, while oil prices rose to their highest since May on worries about the war with Iran. Tokyo's Nikkei 225 lost 1.7% to 61,825.26, South Korea's Kospi fell 2.4%, and Hong Kong's Hang Seng gained 0.2%. On Thursday, the S&P 500 fell 1.2% and the Nasdaq composite tumbled 2.6%, though most U.S. stocks rose. Nvidia dropped 4.4% and CoreWeave fell 10.1% over debt worries, while the 10-year Treasury yield eased to 4.97% from 5.13%.
- Asian shares mostly decline after AI stocks lead a rebound on Wall Street
Asian shares were mostly lower on Tuesday after AI-related stocks rebounded on Wall Street, while other sectors stayed shaky and oil prices remained high. Japan's Nikkei 225 fell 0.6% to 64,512.35, Australia's S&P/ASX 200 lost 0.8% to 8,772.10, and South Korea's Kospi dropped 2.8% to 5,605.31. On Wall Street, the S&P 500 rose 0.4% and the Nasdaq composite gained 1.1%, while the Dow Jones dipped 0.1% as most stocks outside AI and tech fell. The 10-year Treasury yield climbed to 5.14% from 5.09%, and U.S. crude rose 0.15% to $103.50 a barrel, with Brent at $109.47, as uncertainty over the war with Iran kept oil prices elevated.
- EMEA Morning Briefing : AI Jitters Ripple Through Markets
A Meta Platforms signal that it could soon raise large amounts of cash triggered a rotation out of AI-linked stocks, with the Nasdaq Composite logging its worst day since June. Strategists said financing, not technology, is now the main concern as companies seek funds for AI infrastructure build-outs. Investors piled back into U.S. Treasurys, sending the 10-year yield below 5% after 19 straight days at or above that level. Oil rose after Houthi attacks on Saudi energy infrastructure, and Iran warned it could extend strikes to civilian targets across the Persian Gulf if the U.S. and Israel restart their air campaign. Gold is consolidating ahead of next week's Fed meeting and a U.S. inflation report, while iron ore firmed but steel demand concerns persist.
- Asian shares wobble as tech rout boosts bonds, dents rate hike bets - Markets
Asian shares fell as concerns over the huge funding needs of AI hit tech stocks, triggering the biggest daily rally in Treasuries in over three years as investors moved into safe-haven bonds. Markets also sharply pared expectations of further Fed tightening, with the implied probability of a December hike falling to 85%, even as Brent hit a five-month high of $114 a barrel. MSCI's Asia-Pacific index excluding Japan fell 0.3%, its fourth straight weekly loss, while Japan's Nikkei dropped 1.3% and South Korea's KOSPI fell 1.7%. On Wall Street, the Nasdaq slid more than 2% as Meta shares lost nearly 8% after posting its first cash outflow in more than a decade, and Tesla fell 3.1% after cutting its 2026 capital spending plans. The 10-year Treasury yield fell more than 19 basis points before steadying at 4.9591%, back below 5%.
- Asia FX steadies as oil surge weighs on risk appetite, yen holds gains
Asian currencies and the U.S. dollar were largely subdued on Friday as investors weighed rising energy costs and geopolitical tensions, while the yen held its gains after a safe-haven rally tied to concerns over global growth and tech valuations. The U.S. Dollar Index was flat at 101.60 by 03:33 GMT, near a three-week low and on track for a second straight weekly loss. USD/JPY edged up 0.1% to 156.90 after a nearly 1% drop in the previous session, as the yen reached its highest level in more than a month. Brent crude near $114 a barrel, after a 4% jump on Thursday following attacks in Saudi Arabia, raises inflation risks for energy importers such as Japan, India and South Korea. The Indian rupee extended its losses, with USD/INR up 0.3% to 95.109, while the yuan hovered near four-year lows; the Fed is expected to hold rates at 3.75%-4.00% on October 28, with ECB and BoJ decisions due on October 29 and 30.
- Asian Markets Trade Mostly Lower
Asian stock markets were mostly lower on Tuesday after mixed cues from Wall Street, as elevated crude oil prices, ongoing hostilities in the Middle East and Eastern Europe, and inflation concerns pushed global yields higher. Iran continues to assert control over the Strait of Hormuz, with ship attacks more frequent than at any point in the war. Markets expect the US Fed to hold rates next week while pricing in roughly a 94% chance of a rate hike in December. Australia’s S&P/ASX 200 fell 0.72% to 8,782.00, led by miners and financial stocks, while National Australia Bank plans to cut 2,500 jobs and Ingenia Communities jumped more than 10% as it negotiates with Warburg Pincus over a $2.14 billion takeover offer. Japan’s Nikkei 225 fell 0.62% to 64,512.35 in the morning session.
Related markets
Latest news
- Russia-Ukraine: Is peace within reach?
Russia and Ukraine have both signaled readiness to resume talks mediated by the US, after US envoy Steve Witkoff met President Putin in St. Petersburg on October 21. Reuters reports that Yuri Ushakov acknowledged US proposals from Oslo did not fully meet Moscow's wishes, and the timing of a trilateral round is still unsettled: Kyiv wants early November, while the Kremlin points to after November 10. Meanwhile, Zelensky said Russia fired 21 ballistic missiles on October 22, and Russian officials said Ukraine launched 630 UAVs toward Moscow, figures not yet fully verified by third parties. Moscow seeks a long-term security settlement rather than a short-term ceasefire, while Donbas, territory and military limits remain the key sticking point, with Kyiv opposing ceding areas it still controls.
- Stock Market: Will S&P 500 Open Up or Down Today?
U.S. stock futures were slightly lower early Friday as Wall Street dealt with geopolitical stalemates, soaring oil prices and fresh regulatory scrutiny of prediction markets. The article also notes that the crowd on Polymarket, a prediction platform based on Polygon (CRYPTO: POL), was nearly evenly split.
- Proposal to let the Government decide on extraordinary investment incentive and support packages
A draft amendment to the Investment Law, presented to the National Assembly by Finance Minister Ngô Văn Tuấn, would widen market access for foreign investors and add incentives to promote the green and digital economies. The draft adds 4 new forms of investment support: supply chain development, high-tech product manufacturing, fixed-asset investment, and business cooperation with universities, vocational schools and science and technology organisations, plus exemptions or reductions of sea-area use fees. Under the proposal, the Government could decide on extraordinary incentive packages tied to foreign-invested firms' commitments on technology, R&D, local value added, and green and digital transformation. The Economic and Financial Committee asked that the power to loosen market-access conditions be carefully weighed and that criteria for special incentives be set out in the law itself.
- Pre-tax profit up 5% in 9 months, Imexpharm holds steady amid headwinds
For the first nine months of 2026, Imexpharm (ticker IMP) booked net revenue of VND 1,652 billion, down 8% year on year, but pre-tax profit reached VND 326 billion, up 5% and completing 65% of its annual plan. Gross margin improved from 39.7% to 41.5% and EBITDA margin reached 24.3%, up 2 percentage points, helped by production optimisation and lower operating costs. Q3 revenue from its pharmacy chain rose 206% year on year, while ETC channel revenue grew 10% in the quarter, narrowing the cumulative decline to 2%. The company said it was affected by changes to prescription drug regulation, tax policy for household businesses and competitive pressure, and was named to Top 50 ESG Leaders Vietnam 2026 by Forbes Việt Nam.
- This Top Investment Strategist Thinks a Bitcoin Supercycle Is Coming Soon. Here's Why He's Wrong.
The article argues a Bitcoin “supercycle” probably isn't coming soon and that past supercycle calls have a poor record. James Thorne, chief market strategist at Wellington-Altus Private Wealth, said in an interview with Bitcoin Magazine on Oct. 15 that he expects a run “for the ages” and that the four-year cycle is no longer relevant. He cites the Genius Act stablecoin law, growing asset tokenization, and spot Bitcoin ETFs that had drawn $57.8 billion in cumulative net inflows as of Oct. 20. The article counters that “supercycle” has no fixed definition and that such predictions often appear early in bull markets and have failed before, and it outlines an approach of accumulating Bitcoin gradually in small amounts, without overweighting it in the portfolio, and holding for at least five years.
- Defense giant Saab sees orders triple after Gripen fighter jet deal with Ukraine
Saab reported third-quarter earnings and revenue above expectations, with new orders more than tripling from a year earlier to 65.8 billion Swedish kronor ($6.6 billion), boosted by the Gripen deal with Ukraine. Third-quarter sales reached 20.6 billion kronor and EBIT reached 1.95 billion kronor, both ahead of FactSet forecasts of 20 billion and 1.9 billion kronor. The 24.6 billion kronor contract for 16 Gripen E jets for Ukraine was signed in June, with deliveries scheduled for 2029-2030, while other orders included 10.1 billion kronor for GlobalEye for a Middle East customer and 8.7 billion kronor for systems for German frigates. CEO Micael Johansson said growing customer demand is reflected in major contract awards, but Saab shares have fallen in recent months as some investors question whether valuations have outpaced the industry's ability to deliver.
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.