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Related tickers and likely impact
VNINDEX
• NeutralRelevance: low
| Market | Vietnam stocks |
|---|---|
| Close on 10/19/2026 | 1,689.84 |
| Change that session | -0.94% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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The S&P 500 fell 1.3% and the Nasdaq composite was down 2.4% around midday, after sharper losses in Asia, while the Dow slipped only 0.1%. AI-related shares sank on worries about the rising cost of borrowing to build data centers and buy chips, as well as high valuations, with Lam Research down 11.1% despite a slight profit and revenue beat, Meta down 7.4%, Nvidia down 4.3% and CoreWeave down 9.6%. South Korea's Kospi fell 3.5%, and Brent crude rose 2.9% to $111.99 a barrel amid uncertainty over the war with Iran. The 10-year Treasury yield dropped to 4.98% from 5.13%, but remains well above its 3.97% level before the war as investors sought safer assets. Most S&P 500 stocks still rose, and results from Procter & Gamble, Lockheed Martin and CSX helped limit losses.
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Technology shares dragged markets lower in Asia and the U.S. on Thursday as oil climbed to a five-month high, raising inflation risks for energy-importing economies. The S&P 500 fell 1.3%, the Nasdaq Composite dropped 2.4%, the Dow Jones slipped 0.1%, and in Asia Kospi lost 3.5%, Hang Seng 3% and Nikkei 225 2.7%. Investors doubted whether returns from AI projects would justify spending on data centers and chips. Brent rose 2.9% to $111.99 a barrel. Meta reported third-quarter revenue of $64.6 billion, up 26%, and projected 2026 capital expenditures of $135 billion to $145 billion, yet its shares fell 7.4%, while Tesla slipped 2.1% after its results. The U.S. State Department ordered nonemergency staff and their families to leave Saudi Arabia, citing Houthi attacks, and markets are watching the Federal Reserve's decision next week.
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Brent crude rose 2.6% to $111.66 a barrel, its highest in five months, as AI-linked stocks slid and pulled the Nasdaq down 1.5% and the S&P 500 down 0.8% by mid-morning in New York. Asian markets also fell sharply, with South Korea's Kospi down 3.52%, Japan's Nikkei 225 down 2.65% and Hong Kong's Hang Seng down 3.03%, while China's CSI 300 entered a bear market. Nvidia fell 2.3% and Meta dropped 5.8% after its profit missed forecasts. The 10-year Treasury yield rose to 5.03% from 3.97% before the Iran war, ahead of the Fed's Oct. 28 decision. Citadel founder Ken Griffin said investors are 'almost certainly' in an AI bubble, though he did not tell them to sell.
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A Reuters survey of 22 market participants showed all expected the one-year and five-year LPRs to stay at 3.00% and 3.50% at Tuesday's review. Third-quarter growth rebounded from three-year lows as strong exports offset tight consumer spending, though analysts warn that reliance on external drivers is deepening structural imbalances. Market participants expect Beijing to meet its 2026 growth target of 4.5%-5.0% without additional stimulus. New home prices fell again in September, extending a slump of more than three years and suggesting policy support has not yet sparked a broad housing recovery.
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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.
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