Global Stocks Stabilise as Technology Shares Recover from AI Rout
Global equities recovered as the S&P 500 and Dow advanced, but AI financing concerns and elevated borrowing costs kept technology shares volatile.
Trusted Insights. Asian Perspective.
Shell is considering a proposed sale of about 70 French mobility sites and eight LNG installations to DCC Energy, with completion targeted for 2027.
The European Central Bank has cleared UniCredit to cross 30% ownership of Commerzbank as the Italian bank moves toward control around year-end.
Federal Reserve chair Kevin Warsh declined to prejudge the October meeting, preserving uncertainty around global yields, the dollar and Asian capital flows.
G7 finance leaders will run tabletop exercises focused on AI-enabled cyberattacks and cross-border financial-system recovery.
A sharp sell-off in AI-linked shares has shifted investor attention from computing demand to debt, funding costs and data-centre execution risk.
US equities ended higher as healthcare and materials offset continued weakness in AI-linked technology shares after a volatile global session.
Brent and WTI crude fell more than US$1 as investors balanced Middle East supply threats against weaker global oil-demand expectations.
BOJ board member Junko Koeda said policymakers should not be overly cautious about raising rates as inflation risks remain elevated.
The IMF forecasts Asia's growth will slow to 4.4% in 2027 as energy shocks, higher global yields and AI-related concentration risks build.
The Financial Stability Board has issued 12 practices urging financial institutions to strengthen governance and human oversight as AI systems become more autonomous.