{
  "id": 13854717,
  "title": "Shares seesaw in Asia as earnings loom, oil skids",
  "url": "https://urgent.news/2026/10/12/shares-seesaw-in-asia-as-earnings-loom-oil-skids",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-12T00:42:35.000Z",
  "source": {
    "name": "CNA - Business",
    "slug": "cna-business",
    "url": "https://www.channelnewsasia.com/business/shares-seesaw-in-asia-earnings-loom-oil-skids-6451656"
  },
  "original_language": "en",
  "account": "Asian stock markets experienced a turbulent opening on Monday, with the earnings season approaching. Oil prices experienced a decline, influenced by uncertainty regarding Russia's potential increase in energy exports. The ongoing conflict in the Gulf, involving strikes on shipping and airports, further complicated the situation. The potential energy ceasefire between Ukraine and Russia, proposed by President Donald Trump, added to the complexity, despite facing opposition from both Republican and Democratic senators who deemed it potentially illegal. Brent futures experienced a 1.6% decrease to $103.01 a barrel, falling below its recent peak of $109.97. Conversely, US crude futures dropped 1.9% to $90.11 a barrel. South Korean stocks experienced a 2.2% decline, while Taiwanese shares fell 0.5%. MSCI's Asia-Pacific index, excluding Japan, slipped 0.3%, and Chinese blue chips rose by 0.1%. On Wall Street, S&P 500 futures increased by 0.3%, and Nasdaq futures rose 0.4%. In Europe, EUROSTOXX 50 futures climbed 0.5%, while DAX futures gained 0.6% and FTSE futures added 0.4%. Trade was minimal due to Japanese markets being closed, and US markets observing a partial holiday in advance of the earnings season. TSMC, the world's leading producer of advanced AI chips, is expected to report record earnings for a sixth consecutive quarter on Thursday. The S&P 500's earnings for the third quarter are anticipated to surpass a 30% increase, primarily driven by the tech sector. My Bui, an economist at AMP, noted that all recent gains in the S&P 500 have been in the tech sector, with investors seeking higher yields to fund substantial borrowing for AI development. The US investment-grade credit default swap index, measuring the cost of insurance against default, surged to its highest level since the US-Israeli war on Iran began, indicating investor concern over whether AI revenues can keep up with escalating borrowing costs. The upcoming release of US CPI data, along with figures on consumer and producer prices and retail sales, will add to the market's challenges. Rising energy costs are projected to elevate CPI by 0.6% to 3.7% annually, while core inflation is expected to remain moderate at 0.2% and 2.5%. Oil prices remain elevated due to soaring shipping costs and increased product prices. The market anticipates a significant rebound in headline inflation, putting pressure on central banks to consider near-term interest rate hikes. In currency markets, the euro faced headwinds, falling for five consecutive weeks amidst concerns over government deficits in Europe. The dollar index near the 17-month high of 102.25, but has stagnated near 158.19 against the yen as the prospect of Japanese intervention deters speculators for now. Non-interest-bearing gold rose 0.4% to $4,212 an ounce.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "CNA - Business",
        "title": "Shares cautious in Asia as earnings loom, oil slips",
        "url": "https://urgent.news/2026/10/12/shares-cautious-in-asia-as-earnings-loom-oil-slips",
        "published": "2026-10-12T00:42:35.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Shares cautious in Asia as earnings loom, oil slips",
        "url": "https://urgent.news/2026/10/12/shares-cautious-in-asia-as-earnings-loom-oil-slips-13849111",
        "published": "2026-10-12T01:14:08.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "Shares cautious in Asia as earnings loom, oil slips",
        "url": "https://urgent.news/2026/10/12/shares-cautious-in-asia-as-earnings-loom-oil-slips-13853345",
        "published": "2026-10-12T02:42:00.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Shares seesaw in Asia as earnings loom, oil skids",
        "url": "https://urgent.news/2026/10/12/shares-seesaw-in-asia-as-earnings-loom-oil-skids-13860211",
        "published": "2026-10-12T02:48:25.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}