{
  "id": 16143885,
  "title": "Asian shares wobble as tech rout boosts bonds, dents rate hike bets",
  "url": "https://urgent.news/2026/10/23/asian-shares-wobble-as-tech-rout-boosts-bonds-dents-rate-hike-bets-16143885",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-23T02:46:58.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40445581/asian-shares-wobble-as-tech-rout-boosts-bonds-dents-rate-hike-bets"
  },
  "original_language": "en",
  "account": "Asian markets experienced a significant decline on Friday, driven by concerns over the substantial funding requirements of AI technologies, which resulted in the largest daily rally for US Treasuries in over three years. Investors were flocking to sovereign bonds and safe-haven currencies, pushing a sharp reduction in expectations for further rate hikes from the Federal Reserve. The probability of a December rate rise dropped to 85%, down almost a full quarter-point for next year. Despite high oil prices, Brent crude reaching a five-month high of $114 per barrel, worries about potential energy supply disruptions due to Houthi attacks in Saudi Arabia added to the market's volatility. The MSCI Asia-Pacific index excluding Japan fell 0.3% for the day, marking a 2.7% weekly loss and a fourth consecutive week of decline. Japan's Nikkei dropped 1.3% and was down 5% for the week, while South Korea's KOSPI lost 1.7%, setting the stage for a 4.3% weekly decline. Taiwan's market was closed due to a typhoon. China's mainland blue chip index lost 1.1% to its lowest level since July 2025, down about 20% from its June peak. Hong Kong's Hang Seng recovered slightly, edging up 0.1% after a 3% drop the previous day. On Wall Street, the Nasdaq plunged more than 2%, with Meta shares falling by nearly 8% following its inaugural cash outflow in over a decade due to AI-related expenses and plans to issue non-voting shares in a two-for-one stock split to raise capital for the technology. Tesla shares also declined 3.1% as the electric car manufacturer adjusted its 2026 capital spending plans. Analysts are uncertain if the selling trend will continue or if there might be a reversal, as there is a lack of a fresh catalyst amidst a falling market. The US 10-year Treasury yield plummeted over 19 basis points, its largest drop since March 2023, before settling at 4.9591% under the 5% threshold. European government bonds, particularly French bonds, experienced a yield increase, with the benchmark yield climbing 6 basis points to 5.0601%, the highest since 2002. The 2-year Treasury yield plummeted nearly 19 basis points overnight and remained flat at 4.6566%. Government bonds in Asia also saw a rally, with the 10-year Japanese government bond yield falling 9 basis points to 2.790%, and Australia's 10-year yield dropping 10 basis points to 5.164%. In currency markets, safe-haven currencies such as the yen and the Swiss franc strengthened, while the dollar fell 0.2% to 156.44 yen, its lowest level in a month, after an overnight decline of 0.9%. Gold remained flat at $4,021.99 an ounce, after a nearly 3% decline overnight.",
  "summary": "SYDNEY: Asian shares fell on Friday as concerns over the enormous funding needs of AI hammered tech and led to the biggest daily rally in Treasuries in more than three years, with investors fleeing to sovereign bonds and safe-haven currencies. Markets also sharply pared back expectations of further policy tightening from the Federal Reserve, stripping out almost a full quarter-point rate hike for…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "The Economic Times - Top News",
        "title": "Global Market Today: Asian stocks slide after US tech rout",
        "url": "https://urgent.news/2026/10/23/global-market-today-asian-stocks-slide-after-us-tech-rout",
        "published": "2026-10-23T00:52:15.000Z"
      },
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "Japan shares fall as Asian stocks slide after US tech rout, bonds rally",
        "url": "https://urgent.news/2026/10/23/japan-shares-fall-as-asian-stocks-slide-after-us-tech-rout-bonds-rally",
        "published": "2026-10-23T00:57:36.000Z"
      },
      {
        "outlet": "The Block",
        "title": "Bitcoin slides below $81,500 as tech stock sell-off spreads to Asian equities",
        "url": "https://urgent.news/2026/10/23/bitcoin-slides-below-81-500-as-tech-stock-sell-off-spreads-to-asian",
        "published": "2026-10-23T02:21:30.000Z"
      },
      {
        "outlet": "Straits Times Business",
        "title": "Asian shares wobble as tech rout boosts bonds, dents rate hike bets",
        "url": "https://urgent.news/2026/10/23/asian-shares-wobble-as-tech-rout-boosts-bonds-dents-rate-hike-bets",
        "published": "2026-10-23T02:30:00.000Z"
      }
    ]
  },
  "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."
}