Asian shares fall as tech results and Gulf risks weigh on sentiment
Asian stocks wobble on AI spending doubts and Gulf tensions, while Brent hovers near a five-month high, according to Reuters.
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what happened
Asian stock markets struggled to stay in positive territory in early trade on Thursday. Optimism after tech company earnings offered only brief support amid lingering concerns over AI and the situation in the Gulf. MSCI's broadest Asia-Pacific index excluding Japan slipped 0.2%, heading for a fourth straight weekly decline, while Japan's Nikkei fell 0.4% and Korean shares dropped more than 1%, Reuters reported.
Overnight, the Nasdaq rose on solid results from Space X, Meta and Super Micro. However, Meta's plan to issue non-voting Class C shares renewed attention on AI spending. The yield on 10-year US Treasury notes fell 4.2 basis points to 5.1065%. Brent gained 1.1% to $110.03 a barrel. The US ordered diplomats to leave Saudi Arabia amid Houthi strikes.
The dollar index eased to 102.2, the euro traded near $1.1231 and the yen held at 158.125. Gold slipped slightly to $4115.5 an ounce, while bitcoin fell 0.4% to $84,284.
why it matters
Markets are weighing several factors at once: the earnings season has only just begun, a Federal Reserve decision is ahead, US midterm elections take place on November 3, and geopolitical risks persist. High oil prices and bond yields are keeping investors cautious. Comments from Deputy Bank of Japan Governor Ryozo Himino signalling readiness to raise rates add uncertainty for the yen.
market impact
Asian equities and the yen: investor caution and Gulf risks weigh on markets, while oil stays elevated on Middle East tensions.
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- Asian markets dip as investors weigh tech earnings, Gulf tensions — Reuters, 22 October 2026 at 02:13 UTC
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