Asia shares slump as global tech selloff spooks investors, silver tumbles again

February 5, 2026 9:59 AM

Asia shares slump as global tech selloff spooks investors, silver tumbles again

Asian stocks slumped on Thursday as concerns about the exploding costs of AI investment encouraged a rotation out of tech, while a renewed slide in silver squeezed leveraged positions that were already under water.   Google parent Alphabet reported solid results on Wednesday, but it was targeting capital expenditure of $175 billion to $185 billion this year, sharply above analysts' estimates. Shares swung wildly - down over 6% at one point -before settling just 0.4% lower after-hours.   In...

Asia shares wobble, oil prices climb and gold makes a comeback

February 4, 2026 9:38 AM

Asia shares wobble, oil prices climb and gold makes a comeback

Asian stocks were on shaky ground on Wednesday, following steep losses in U.S. and European equities on fears that advancements in artificial intelligence could supplant traditional software. Oil prices climbed after the U.S. shot down an Iranian drone and armed boats approached a U.S.-flagged vessel in a key waterway, while precious metals found a firmer footing after a recent rout. A selloff among U.S. and European data analytics, professional services and software companies deepened after A...

Asia shares slip as inflation, politics call for caution

June 24, 2024 11:02 AM

Asia shares slip as inflation, politics call for caution

Asia shares slipped on Monday in a countdown for U.S. price data that investors are banking on to show a renewed moderation in inflation, while markets were on alert for possible Japanese intervention as the dollar tested the 160 yen barrier. Geopolitics also loomed large, with the first U.S. presidential debate on Thursday and the first round of voting in the French election at the weekend. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.9%, after touching a two-year top las...

Asia shares muted on China data, euro on defensive

June 17, 2024 11:11 AM

Asia shares muted on China data, euro on defensive

Asian share markets were in the red on Monday as mixed Chinese economic news underlined the country's bumpy recovery, while political uncertainty in Europe soured risk appetites and kept the euro on the defensive. Chinese blue chips were off 0.2% after retail sales topped forecasts by rising 3.7% in May, but industrial output and fixed-asset investment both underwhelmed. Other data showed home prices fell at the fastest pace in a decade in May, highlighting the continued strains in the propert...