{
  "id": 15532506,
  "title": "Asian stocks skid, Wall Street and bonds aided by oil slip",
  "url": "https://urgent.news/2026/10/19/asian-stocks-skid-wall-street-and-bonds-aided-by-oil-slip-15532506",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-19T00:45:44.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today-freemalays",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/10/19/asian-stocks-skid-wall-street-and-bonds-aided-by-oil-slip"
  },
  "original_language": "en",
  "account": "Asian markets experienced a decline on Monday due to concerns surrounding artificial intelligence (AI) and its associated costs. Japan's Nikkei fell 2.0%, down from a 5.4% drop the previous week, while South Korea decreased 1.6%, having shed over 14% last week. The broader MSCI Asia-Pacific index excluding Japan slipped by 0.3%.\n\nThe decrease in oil prices provided some relief to bonds and Wall Street stock futures, limiting the extent of Asia's losses. Oil prices fell after US President Donald Trump waived some sanctions on Russia, though he later clarified that a final decision had not been made. US Secretary of State Marco Rubio stated that the president would take up to 60 days to evaluate the economic impact of the sanctions waiver.\n\nMeanwhile, Iran reported another tanker being hit by a mine in the Strait of Hormuz, adding to geopolitical tensions. These factors led to a rally in sovereign bonds, with 10-year Treasury yields dropping 3 basis points to 5.0645%, marking their largest weekly decline in over eight months.\n\nTech stocks faced significant challenges, with Japan's Nikkei and South Korea both falling. Investors are particularly concerned about the adequacy of AI revenues to recoup substantial upfront investments, as well as potential write-downs of AI infrastructure due to aging and depreciation. This has increased financing costs, making it harder for companies to borrow, refinance, and maintain AI infrastructure development.\n\nEarnings reports for tech giants such as Meta, semiconductor firms like Lam Research and Texas Instruments, and companies led by Elon Musk, such as SpaceX and Tesla, are expected in the coming days. Meta, which is one of five AI hyperscalers, is anticipated to increase its capital spending to approximately US$1.2 trillion next year, according to Goldman Sachs. Other companies reporting earnings include Netflix, Procter & Gamble, General Motors, and GE Aerospace, with overall earnings expected to rise by 30% due to strong tech sector profits.\n\nEuropean stocks faced headwinds from political uncertainty in France, with the EUROSTOXX 50 futures falling 0.4%, while DAX futures declined 0.3% and FTSE futures remained flat. Amid these concerns, the euro weakened by 0.2% to US$1.1212, nearing its 16-month low of US$1.1113. The US dollar also experienced a slight dip of 0.1% against the yen, currently trading at 157.75 and remaining within a narrow range as the possibility of Japanese intervention discourages speculative selling. In the commodities market, gold saw a gain of 0.4%, rising to US$4,181 per ounce due to falling yields.",
  "summary": "AI funding concerns undermined confidence ahead of a packed earnings week, while falling oil prices offered support to bonds and stock futures.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 6,
    "also_reported_by": [
      {
        "outlet": "Channel News Asia",
        "title": "Asian stocks slip, Wall St and bonds benefit from oil skid",
        "url": "https://urgent.news/2026/10/19/asian-stocks-slip-wall-st-and-bonds-benefit-from-oil-skid-15554311",
        "published": "2026-10-19T00:38:00.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Asian stocks skid, Wall Street and bonds aided by oil slip",
        "url": "https://urgent.news/2026/10/19/asian-stocks-skid-wall-street-and-bonds-aided-by-oil-slip",
        "published": "2026-10-19T00:42:25.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Asian stocks skid, Wall Street and bonds aided by oil slip",
        "url": "https://urgent.news/2026/10/19/asian-stocks-skid-wall-street-and-bonds-aided-by-oil-slip-15529876",
        "published": "2026-10-19T00:45:44.000Z"
      },
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "Asian stocks skid, Wall Street and bonds aided by oil slip",
        "url": "https://urgent.news/2026/10/19/asian-stocks-skid-wall-street-and-bonds-aided-by-oil-slip-15537264",
        "published": "2026-10-19T01:37:12.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "Asian stocks slip, Wall St and bonds benefit from oil skid",
        "url": "https://urgent.news/2026/10/19/asian-stocks-slip-wall-st-and-bonds-benefit-from-oil-skid",
        "published": "2026-10-19T02:48:26.000Z"
      }
    ]
  },
  "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."
}