Asian shares fell on Monday, October 19, as worries about AI's huge funding needs weighed ahead of a busy earnings week, while the euro eased after rioting in France. Oil prices dropped after Trump waived some Russia sanctions, though he later said no final decision had been made, with Brent down 1.6% to US$108.06 a barrel; Iran also reported another tanker hit a mine in the Strait of Hormuz. Tech weakness hit Asia, with Japan's Nikkei down 2.0% and South Korea down 1.6%, after the PHLX Semiconductor Index shed 11.4% last week, its longest losing streak since 2008. Goldman Sachs estimates five AI hyperscalers will lift capital spending to about US$1.2 trillion next year, while AMP economist My Bui warned that rising yields raise financing costs. Gold rose 0.4% to US$4,181 an ounce as yields fell.
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Related tickers and likely impact
SPY
▲ Likely positiveSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/16/2026 | 763.31 |
| Change that session | -1.10% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Asian shares are mixed with tech stocks volatile , and oil falls on Trump Russian sanctions waiver
- Asian shares are mixed with tech stocks volatile , and oil falls on Trump Russian sanctions waiver
Asian shares were mixed on Monday as volatility in technology stocks persisted, while U.S. futures edged higher ahead of a week of corporate earnings. Oil fell more than 1% after President Donald Trump waived sweeping sanctions on Russia, including on its energy sector, a move likely to boost Russian energy exports. South Korea’s Kospi rose 1.1% to 5,729.58, but it is still down more than 18% over the past month and well below the 9,000 level it crossed in June. Japan’s Nikkei 225 lost 0.8%, while China’s Shanghai Composite gained 0.2% to 3,722.20 after the economy grew 4.5% in the July-September quarter, and Indonesia’s index fell another 5% to its lowest since 2020 after an MSCI warning about a possible downgrade from “emerging market” status. Brent crude fell 1.8% to $107.86 a barrel and U.S. crude dropped 1.6% to $97.43, though prices remain elevated compared with before the Iran war, with supply risks in the Strait of Hormuz still high.
- Asian shares are mixed with tech stocks volatile , and oil falls on Trump Russian sanctions waiver
- Asian shares are mixed with tech stocks volatile , and oil falls on Trump Russian sanctions waiver
- Asian shares are mixed with tech stocks volatile , and oil falls on Trump Russian sanctions waiver
Asian shares were mixed on Monday as tech stock volatility persisted, with South Korea's Kospi up 1.8% to 5,768.01 but still more than 17% below its June peak above 9,000. Japan's Nikkei 225 lost 0.6%, while China's Shanghai Composite rose 0.4% after the economy grew 4.5% in the July-September quarter. Indonesia's index fell over 5% at one point after MSCI warned it could downgrade the country's emerging market status. Oil fell more than 2% after President Donald Trump waived sweeping sanctions on Russia, including energy, likely allowing more Russian energy exports. Brent crude dropped 2.5% to $107.16 a barrel.
- Asian shares are mixed with tech stocks volatile , and oil falls on Trump Russian sanctions waiver – Winnipeg Free Press
Asian shares were mixed on Monday as volatility in technology stocks persisted, while U.S. equity futures edged higher. Oil fell more than 1% after President Donald Trump waived sweeping sanctions on Russia, including on Russian energy, with Brent down 1.8% to $107.86 per barrel. South Korea's Kospi rose 1.1% to 5,729.58 but is down more than 18% over the past month, while Japan's Nikkei 225 lost 0.8% to 64,799.03. Indonesia's stock index fell another 5% to its lowest since 2020, after plunging over 11% on Friday following an MSCI warning about a possible downgrade. Tech shares have been sold off recently over concerns about the sustainability of the AI boom, and on Friday the S&P 500 fell 1.1% and the Nasdaq sank 2.1%.
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