{
  "id": 14732154,
  "title": "Tech selloff deepens as US inflation sparks AI jitters",
  "url": "https://urgent.news/2026/10/14/tech-selloff-deepens-as-us-inflation-sparks-ai-jitters",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-14T21:00:00.000Z",
  "source": {
    "name": "Gulf Times Business",
    "slug": "gulf-times-business",
    "url": "https://www.gulf-times.com/article/735877/business/tech-selloff-deepens-as-us-inflation-sparks-ai-jitters"
  },
  "original_language": "en",
  "account": "Asian markets experienced a sharp decline on Thursday, driven by technology firms suffering a significant rout following the release of US inflation data. European markets showed more resilience, benefiting from a lower exposure to the tech sector and falling oil prices. In Seoul, the Kospi index plummeted 7.6% to close at 5,554.22, while Tokyo's Nikkei 225 fell 4.9% to 64,425.95. Hong Kong's Hang Seng Index dropped 1.0% at 24,062.72, and Shanghai's Composite index decreased by 1.6% to 3,707.48.\n\nThe tech sell-off intensified as chipmakers faced steep losses, particularly after TSMC, a market heavyweight, announced record quarterly profits fueled by demand for AI hardware. Despite this positive news, TSMC's shares still fell by 2%. The tech sell-off was primarily attributed to traders exiting chipmakers, mirroring sharp declines on Wall Street.\n\nDan Coatsworth, head of markets at AJ Bell, noted that the tech sell-off has continued at a rapid pace, further exacerbated by US inflation data which heightened expectations for US interest rate hikes this month. US Treasury bond yields fell, indicating that investors were moving towards lower-risk assets.\n\nThe AI investment boom faced additional headwinds as data revealed that the US consumer price index surged more than anticipated to 3.7% in September. This inflationary pressure pressured the Federal Reserve to consider raising rates at least once more, with the bank's decision scheduled for October 28, just a week before the US midterm elections. Given that tech firms heavily rely on borrowing to fund their substantial AI investments, they are especially vulnerable to higher interest rates.",
  "summary": "Asian stocks plunged on Thursday as technology firms suffered another rout after forecast-topping US inflation data fuelled expectations the Federal Reserve would further increase interest rates.Europ...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "The Guardian",
        "title": "Tech market sell-off deepens amid fears over US inflation and AI debt",
        "url": "https://urgent.news/2026/10/15/tech-market-sell-off-deepens-amid-fears-over-us-inflation-and-ai-debt",
        "published": "2026-10-15T08:39:54.000Z"
      },
      {
        "outlet": "The Jakarta Post",
        "title": "Tech sell-off deepens as US inflation sparks AI jitters",
        "url": "https://urgent.news/2026/10/15/tech-sell-off-deepens-as-us-inflation-sparks-ai-jitters",
        "published": "2026-10-15T13:27:59.000Z"
      }
    ]
  },
  "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."
}