{
  "id": 16832168,
  "title": "Stocks get AI lift, dollar holds steady ahead of Fed decision",
  "url": "https://urgent.news/2026/10/28/stocks-get-ai-lift-dollar-holds-steady-ahead-of-fed-decision",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-28T01:48:41.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/economy-news/stocks-get-ai-lift-dollar-holds-steady-ahead-of-fed-decision-4977355"
  },
  "original_language": "en",
  "account": "Asia stocks gained on Wednesday, fueled by renewed interest in artificial intelligence (AI) ahead of U.S. earnings from leading tech companies. South Korean chipmaker SK Hynix reported a more than seven-fold increase in quarterly operating profit, contributing to the positive mood. The AI rally faces its next test when Alphabet and Microsoft release their earnings after the market closes, with investors eager to see if their heavy investments in AI will generate sustainable revenue growth. SWBC Chief Investment Officer Chris Brigati noted that while strong results are expected, the key question is whether the capital expenditure (capex) for AI growth will translate into actual revenue growth.\n\nThe rally in Asian equities has shifted, with investors now focusing more on execution risk and the embedded success in current stock prices. MSCI's Asia-Pacific index outside Japan saw a 0.85% increase in early trade, while Japan's Nikkei added 1.2% and South Korea's KOSPI jumped over 3%. SK Hynix shares rose 3% shortly after the market opened before pulling back to a 1.75% gain by the end of the day.\n\nAI-related funding announcements from Meta, SpaceX, and Broadcom boosted sentiment this week, with additional support from Anthropic's initial public offering filing. U.S. futures were essentially unchanged, and EUROSTOXX 50 futures edged down by 0.03%. Investors are awaiting the Federal Reserve's policy decision, with a steady outcome expected. JPMorgan analysts anticipate at least two dissenting voices from the Fed's policymakers, with Chair Kevin Warsh's comments likely viewed as dovish if he fails to provide an explanation. The dollar index held near a two-week high against six major currencies at 102.37, while the New Zealand dollar fell more than 1% after its Reserve Bank left interest rates unchanged. The Australian dollar gained 0.25% to $0.7043 following data showing a sharp rise in consumer prices in the third quarter due to fuel cost increases, despite core inflation remaining high. In Israel, the shekel weakened after exit polls indicated a deadlocked wartime election. Brent crude futures rose 0.47% to $114.42 a barrel, while U.S. crude added 0.55% to $100.45.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Business Recorder",
        "title": "Stocks get AI lift, dollar holds steady ahead of Fed decision",
        "url": "https://urgent.news/2026/10/28/stocks-get-ai-lift-dollar-holds-steady-ahead-of-fed-decision-16832171",
        "published": "2026-10-28T02:12:35.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Stocks get AI lift, dollar holds steady ahead of Fed decision",
        "url": "https://urgent.news/2026/10/28/stocks-get-ai-lift-dollar-holds-steady-ahead-of-fed-decision-16843110",
        "published": "2026-10-28T02:43:16.000Z"
      }
    ]
  },
  "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."
}