Asian Shares Trade Mixed After US Stocks Edge Back From Their Record After Profit Reports
Tech shares rebounded after a steep selloff as investors awaited U.S. inflation data that could shape the Federal Reserve’s next rate move.
- On Wednesday, Oct. 14, 2026, Asian markets rebounded as tech shares recovered, with Japan's Nikkei 225 gaining 0.6% to 68,193.13 and Seoul and Taipei both rising more than one percent.
- Broadcom CEO Hock Tan likened AI investment flow to "casino gambling," triggering tech anxiety that sent SK Hynix and TSMC into steep losses earlier this week amid concerns over China's chip development.
- Investors await Wednesday's U.S. consumer price data, which could influence Federal Reserve decisions on rate hikes. New York Fed boss John Williams stated, "I haven't changed my view that it may be appropriate to have one more rate hike" this year.
- Energy markets remain volatile; Brent crude rose 1.2% to $106.96 per barrel as UK Maritime Trade Operations reported four tankers struck in the Strait of Hormuz on October 11, compounding geopolitical uncertainty.
- Earnings from Dutch giant ASML and Taiwan's TSMC this week will serve as critical bellwethers for the semiconductor sector, determining whether strong chip demand can sustain the AI investment rally amid current pressures.
16 Articles
16 Articles
Asian markets mixed as tech firms claw back some losses
Tech firms took a hammering on Tuesday amid concerns about China's progress in developing AI chips and following comments by Broadcom's boss likening the AI buying frenzy to gambling. The ructions felt in Seoul, Tokyo and Taipei -- which have big tech weightings -- saw giants SK hynix, Advantest and TSMC suffer huge losses, pushing them back towards levels last seen following their summer rout. All three markets bounced Wednesday as the same fi…
Seoul shares start higher despite Wall Street losses, AI concerns
Korean stocks opened a tad higher Wednesday, despite overnight losses on Wall Street amid lingering concerns about artificial intelligence (AI) spending. The benchmark Korea Composite Stock Price Index (KOSPI) fell 26.73 points, or 0.44 percent, to 6,062.08 at the opening bell. The index tumbled 5.46 percent the previous day, dragged down by losses in technology shares amid renewed woes over big AI firms' heavy capital spending. U.S. stocks clos…
Winnipeg Free Press
Asian shares trade mixed after US stocks edge back from their record after profit reports
TOKYO (AP) — Asian shares were trading mixed early Wednesday, as market interest in computer chips and artificial intelligence continued to support some global shares.
Coverage Details
Bias Distribution
- 53% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
