{
  "id": 17172503,
  "title": "Stocks slump, bonds leap as AI giants’ spending spooks investors",
  "url": "https://urgent.news/2026/10/30/stocks-slump-bonds-leap-as-ai-giants-spending-spooks-investors-17172503",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-30T03:12:00.000Z",
  "source": {
    "name": "Straits Times Business",
    "slug": "straits-times-business",
    "url": "https://www.straitstimes.com/business/stocks-slump-bonds-leap-as-ai-giants-spending-spooks-investors"
  },
  "original_language": "en",
  "account": "On October 30, tech stocks experienced a significant decline in Asia, as investors sought safety amid concerns over the high and growing spending on artificial intelligence. Shares of Alphabet, the parent company of Google, plummeted by 12.6% on Wall Street, erasing $500 billion in market value, while Intel and Amazon also suffered losses, with the Nasdaq 100 futures falling 1.4%. The market's pessimism was not solely due to the uncertain profitability of AI investments; it also stemmed from fears that shareholders would not benefit from the substantial capital being invested.\n\nThe cyberattack on Binance, the world's largest cryptocurrency exchange, further unsettled investors, contributing to a decline in bitcoin and other cryptocurrency prices, as well as shares of rival exchanges. This sell-off extended to other markets as well. South Korea's KOSPI fell 5% for an October drop of over 17%, while Japan's Nikkei slid by 3%. In China, the CSI300, a blue-chip index, was set for its largest monthly decline in a decade, following several weeks of declining AI stocks due to worries about a potential slowdown in demand for chips and data center equipment.\n\nThe Federal Reserve's decision on October 28 to keep US interest rates unchanged, with no indication of when a rate hike might occur, amplified the market's risk-averse sentiment. As a result, 10-year US Treasury yields dropped by more than 7 basis points in Tokyo to 4.91%, marking the largest one-month decline since December 2023. Investors also rushed into bonds, as evidenced by a significant decrease in two-year yields to 4.57%. The Bank of Japan was expected to maintain its interest rates on hold during a meeting on October 30, further bolstering the appeal of haven currencies, such as the yen and Swiss franc, which both showed modest gains against the US dollar.",
  "summary": "Investors scurried to safety against worries that huge and rising AI spending may not deliver sufficient returns.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Stocks slump, bonds leap as AI giants’ spending spooks investors",
        "url": "https://urgent.news/2026/10/30/stocks-slump-bonds-leap-as-ai-giants-spending-spooks-investors-17169599",
        "published": "2026-10-30T02:54:20.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Stocks slump, bonds leap as AI giants’ spending spooks investors",
        "url": "https://urgent.news/2026/10/30/stocks-slump-bonds-leap-as-ai-giants-spending-spooks-investors",
        "published": "2026-10-30T02:55:14.000Z"
      }
    ]
  },
  "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."
}