{
  "id": 17001052,
  "title": "Asian shares fall after Alphabet earnings miss forecasts",
  "url": "https://urgent.news/2026/10/29/asian-shares-fall-after-alphabet-earnings-miss-forecasts",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-29T02:52:14.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today-freemalays",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/10/29/asian-shares-fall-after-alphabet-earnings-miss-forecasts"
  },
  "original_language": "en",
  "account": "Asian stock markets experienced a mixed reaction on Thursday after Alphabet's disappointing earnings report. The company's shares plummeted 10% in after-hours trading, erasing nearly US$400 billion from its market value. This decline had a ripple effect, causing Nasdaq futures to drop 1% lower and sending Asian shares in a downward spiral.\n\nThe South Korean Kospi index fell 2.6% following its 7% surge the previous day. Meanwhile, MSCI's broad Asia-Pacific index excluding Japan dropped 0.7%, while Japan's Nikkei gained only 0.3%. Mainland China's blue chips declined by 0.9%, and Hong Kong's Hang Seng index rose 0.2%.\n\nAlphabet's earnings miss was primarily attributed to the impact of the AI boom on its traditional ad revenue. However, both Alphabet and Microsoft assured that AI-generated revenue remains strong, driven by robust growth in data centers and cloud services.\n\nMeanwhile, the Federal Reserve maintained interest rates as expected during its meeting, with two committee members voting for an increase. Chair Kevin Warsh expressed optimism about inflation, which sparked a rally in Treasuries. However, the Bank of Canada recently raised rates for the first time in over three years, signaling potential future hikes. The European Central Bank is expected to keep rates steady later on Thursday.\n\nBrent crude futures declined 0.4% to US$114.91 a barrel after reports of US Vice-President JD Vance's efforts to revive peace negotiations with Iran.",
  "summary": "MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.7%, while Japan's Nikkei trimmed gains to be up 0.3%.",
  "key_points": [],
  "editors_take": null,
  "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": "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"
      },
      {
        "outlet": "CNA - 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-16999350",
        "published": "2026-10-29T03:21:48.000Z"
      }
    ]
  },
  "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."
}