{
  "id": 19081834,
  "title": "Asian stocks steady as AI, Mideast jitters recede; dollar firm on Fed bets",
  "url": "https://urgent.news/2026/11/09/asian-stocks-steady-as-ai-mideast-jitters-recede-dollar-firm-on-fed-19081834",
  "topic": "ai",
  "section": "AI",
  "published": "2026-11-09T03:25:00.000Z",
  "source": {
    "name": "Straits Times Business",
    "slug": "straits-times-business",
    "url": "https://www.straitstimes.com/business/asian-stocks-steady-as-ai-mideast-jitters-recede-dollar-firm-on-fed-bets"
  },
  "original_language": "en",
  "account": "On November 9, Asian markets and US equity futures exhibited a steady uptick as worries about AI and the Middle East subsided. The MSCI's Asia-Pacific index rose 0.8% after falling 4.6% the previous week, while Japan's Nikkei added 2.5% and South Korean shares gained lightly. Taiwan's benchmark surged nearly 2.5%, recovering from its most significant weekly decline in two decades due to apprehensions surrounding AI profitability and infrastructure demand. US stock futures, the S&P 500 e-minis, saw a slight increase.\n\nEarlier in the week, Wall Street equities rallied as artificial intelligence-related selling subsided, helping to alleviate some market tensions. Global stocks had been uncertain in recent weeks as AI enthusiasm waned amid rising interest rates, but the US midterm elections' results introduced fresh concerns about stricter AI and data center regulation.\n\nUpcoming tech company earnings reports, such as those from CoreWeave, Applied Materials, and Cisco Systems, are anticipated to put AI ambitions' profitability to the test, considering the substantial costs of expansion. Additionally, an internal investigation by Nvidia into CEO Jensen Huang's ties to a suspected Chinese spy may cause market volatility.\n\nDespite these uncertainties, financial market analyst Kyle Rodda from Capital.com cautioned that the markets were far from stabilizing. The recent midterm elections and an underwhelming earnings season, with Magnificent Seven companies missing earnings expectations, have kept momentum skewed to the downside.\n\nMeanwhile, crude oil prices dropped to $97.49 per barrel following Donald Trump's assertion that he would unlikely authorize new strikes on Iran as long as peace talks progressed. A robust jobs report from November 6, revealing that US employers added 165,000 jobs in October, surpassing economists' forecasts, strengthened the case for the Federal Reserve to hike interest rates in December. An upcoming US consumer price index report on November 10 could further solidify expectations for a rate increase in December, with market sentiment suggesting an 80% chance of a 25-basis-point hike at the central bank's December meeting. Officials' comments also supported the belief in a rate hike, with New York Fed President John Williams stating that US economic growth remains resilient despite successive shocks, but inflation must be brought under control to 2%.\n\nThese developments helped the dollar gain its largest single-day increase in five months, reaching a level of 102.2 in the dollar index. The euro remained relatively stable at $1.1148, while the yen strengthened by 0.2% to 158.215. Bitcoin experienced a decline of over 2%, dropping to $73,708, while Ether decreased by about 5% to $2,223, both hitting the lowest levels in over two months as investors grew concerned about potential regulatory tightening on cryptocurrencies under a Democratic-controlled US Congress.",
  "summary": "Japan’s Nikkei index added 2.5% while South Korean shares made small gains.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Asian stocks steady as AI, Mideast jitters recede; dollar firm on Fed bets",
        "url": "https://urgent.news/2026/11/09/asian-stocks-steady-as-ai-mideast-jitters-recede-dollar-firm-on-fed",
        "published": "2026-11-09T01:48:28.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Asian stocks steady as AI, Middle East jitters recede",
        "url": "https://urgent.news/2026/11/09/asian-stocks-steady-as-ai-middle-east-jitters-recede",
        "published": "2026-11-09T02:04:49.000Z"
      },
      {
        "outlet": "CNA - Business",
        "title": "Asian stocks steady as AI, Middle East jitters recede",
        "url": "https://urgent.news/2026/11/09/asian-stocks-steady-as-ai-middle-east-jitters-recede-19074108",
        "published": "2026-11-09T02:39:26.000Z"
      }
    ]
  },
  "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."
}