{
  "id": 16999350,
  "title": "Asian shares fall as Alphabet earnings miss drags Wall St futures lower",
  "url": "https://urgent.news/2026/10/29/asian-shares-fall-as-alphabet-earnings-miss-drags-wall-st-futures-16999350",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-29T03:21:48.000Z",
  "source": {
    "name": "CNA - Business",
    "slug": "cna-business",
    "url": "https://www.channelnewsasia.com/business/asian-shares-fall-alphabet-earnings-miss-drags-wall-st-futures-lower-6502046"
  },
  "original_language": "en",
  "account": "Asian shares declined on Thursday as Alphabet's earnings fell short, causing Wall Street futures to drop. The tech giant's shares plunged 10% in extended trading, erasing nearly $400 billion from its market value. This move affected the Nasdaq futures, which slipped 1%. In contrast, Microsoft surpassed expectations with strong cash flows, boosting its shares by 3%. Meanwhile, the Federal Reserve maintained interest rates as expected, but two members advocated for a hike. Fed Chair Kevin Warsh expressed a more optimistic view on inflation during his press conference, boosting Treasuries. However, the critical test came from earnings reports. Samsung Electronics reported a nearly ninefold increase in operating profit to a record high, though its shares still fell over 4% and dragged the KOSPI index down 2.6% after a previous surge. The MSCI Asia-Pacific index excluding Japan slipped 0.7%, while Japan's Nikkei gained only 0.3%. Mainland China's blue chips dropped 0.9%, and Hong Kong's Hang Seng index rose 0.2%. Alphabet's decline was attributed to the impact of the AI boom on its traditional ad revenue, leading to mixed results for Google.",
  "summary": null,
  "key_points": [
    "Alphabet earnings missed expectations, causing 10% share plunge",
    "Microsoft shares rose 3% after beating forecasts",
    "Fed maintained rates, but two members pushed for increase"
  ],
  "editors_take": "Alphabet's struggle to protect traditional advertising revenue against the rising artificial intelligence boom threatens the stability of global tech indices and shifts investor focus toward more resilient software providers.",
  "illustration": null,
  "coverage": {
    "outlets": 8,
    "also_reported_by": [
      {
        "outlet": "The National Business",
        "title": "Alphabet stock drops after profit and sales fall",
        "url": "https://urgent.news/2026/10/28/alphabet-stock-drops-after-profit-and-sales-fall",
        "published": "2026-10-28T22:12:11.000Z"
      },
      {
        "outlet": "MarketWatch",
        "title": "Why Alphabet’s stock could see its worst drop in years after the latest results",
        "url": "https://urgent.news/2026/10/28/why-alphabets-stock-could-see-its-worst-drop-in-years-after-the",
        "published": "2026-10-28T23:44:00.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "U.S. stock futures drop as Alphabet slides on soft earnings, Microsoft firms",
        "url": "https://urgent.news/2026/10/29/u-s-stock-futures-drop-as-alphabet-slides-on-soft-earnings-microsoft",
        "published": "2026-10-29T00:31:36.000Z"
      },
      {
        "outlet": "CNBC Technology",
        "title": "Our next steps for Alphabet stock after earnings disappoint at nearly every turn",
        "url": "https://urgent.news/2026/10/29/our-next-steps-for-alphabet-stock-after-earnings-disappoint-at-nearly",
        "published": "2026-10-29T01:11:10.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "Asian shares fall as Alphabet earnings miss drags Wall St futures lower",
        "url": "https://urgent.news/2026/10/29/asian-shares-fall-as-alphabet-earnings-miss-drags-wall-st-futures-16997189",
        "published": "2026-10-29T02:49:44.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Asian shares fall after Alphabet earnings miss forecasts",
        "url": "https://urgent.news/2026/10/29/asian-shares-fall-after-alphabet-earnings-miss-forecasts",
        "published": "2026-10-29T02:52:14.000Z"
      },
      {
        "outlet": "Straits Times Business",
        "title": "Asian shares fall as Alphabet earnings miss drags Wall St futures lower",
        "url": "https://urgent.news/2026/10/29/asian-shares-fall-as-alphabet-earnings-miss-drags-wall-st-futures-17001423",
        "published": "2026-10-29T03:18:00.000Z"
      }
    ]
  },
  "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."
}