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Asian Shares Trade Mostly Lower After AI Stocks Sink on Wall Street
Leaders warned that model advances could enable misuse and cyberattacks, while the Nasdaq 100 fell 1.7% and chip shares dropped sharply.
Global AI-linked stocks plunged on Monday, September 14, 2026, after industry leaders warned of risks from rapid development, with Asian markets sliding in early trading.
On Saturday, Anthropic CEO Dario Amodei wrote an essay calling for slowed development to prevent systems from slipping beyond human control, endorsed by OpenAI CEO Sam Altman and SpaceXAI CEO Elon Musk.
The Philadelphia Semiconductor Index tumbled 5.9 per cent on Monday, with Nvidia down 3.5 per cent, while Berenberg strategist Chris Armstrong warned the shift could send AI stocks 10 to 15 per cent lower.
President Donald Trump dismissed AI critics as 'very negative forces' on September 13, while China's state-backed Global Times rejected development slowdown calls as a 'Cold War playbook' alongside planned bilateral safety talks.
Morgan Stanley's Brian Nowak forecasts AI spending will surpass US$1.2 trillion by 2027, while Deutsche Bank notes competitive pressure makes voluntary industry slowdowns unlikely.