{
  "id": 14581524,
  "title": "Asian markets sell off as AI trades crumble after hot US CPI data",
  "url": "https://urgent.news/2026/10/15/asian-markets-sell-off-as-ai-trades-crumble-after-hot-us-cpi-data-14581524",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-15T01:02:34.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today-freemalays",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/10/15/asian-markets-sell-off-as-ai-trades-crumble-after-hot-us-cpi-data"
  },
  "original_language": "en",
  "account": "Asian markets experienced a sharp decline on Thursday, as a stronger-than-anticipated rise in US consumer price inflation heightened expectations of the Federal Reserve's potential rate hikes later in the year, thus dragging stocks down. MSCI's Asia-Pacific index, which excludes Japan, fell by 1.2%, with South Korea's KOSPI leading the way with a 5.6% plunge. The Nikkei 225 also experienced a loss of 1.3%. The S&P 500 futures (EScv1) dropped by 0.3%.\n\nChris Weston, head of research at Pepperstone Group Ltd in Melbourne, noted that Asia faces another challenging day. The KOSPI and Nikkei futures point to renewed weakness in the technology sector, with a focus on leveraged ETF flows and AI infrastructure credit risks. After three days of declines on Wall Street, the S&P 500 fell 1.1%, while the Nasdaq Composite plummeted by 1.9%. Semiconductor stocks continued to lose ground, extending their losses for the sixth consecutive day, as the prospect of higher interest rates affected shares of AI-related companies, such as Oracle and CoreWeave.\n\nJPMorgan analysts attributed the initial sell-off to the hotter-than-expected US CPI data. The main driver behind today's market sell-off was the technology sector, particularly AI stocks. These companies face financing risks and IPO timelines as key challenges. The CPI data increased the probability of interest rate hikes by the Federal Reserve, with Fed funds futures now showing a 31.6% chance of a 25-basis-point hike at the next meeting on October 28, up from 22.1% the previous day.\n\nThe US dollar weakened against the yen by 0.2% to 157.925 yen, while the euro increased by 0.3% to US$1.1194. The Australian dollar slipped by 0.2% to US$0.6956 after employment figures showed a decrease of 39,300 jobs in September, falling short of expectations of a 20,000 increase. Market attention will now shift to speeches from Federal Reserve officials, including Chair Kevin Warsh, in Bangkok, as well as US producer prices and retail sales data released later on Thursday. TSMC, an AI chip giant, will release its third-quarter earnings later in the Asian trading session.",
  "summary": "South Korea's KOSPI and Japan's Nikkei futures point to renewed tech weakness, with leveraged ETF flows and AI infrastructure credit risks in focus.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Asian markets sell off as AI trades crumble after hot US CPI data",
        "url": "https://urgent.news/2026/10/15/asian-markets-sell-off-as-ai-trades-crumble-after-hot-us-cpi-data",
        "published": "2026-10-15T01:00:30.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Asian markets sell off as AI trades crumble after hot US CPI data",
        "url": "https://urgent.news/2026/10/15/asian-markets-sell-off-as-ai-trades-crumble-after-hot-us-cpi-data-14578970",
        "published": "2026-10-15T01:02:34.000Z"
      }
    ]
  },
  "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."
}