Finance
Finance news and market reads — macro, capital markets, earnings.
- 062026-11AI bubble fears rattle global markets as data centre build-out takes centre stageThe Financial Times reports that mounting fears over an AI stock bubble have hit Wall Street's AI sector hard and dragged Asian markets lower. Investors are watching for a possible slowdown in US data centre construction and the policy fight shaping the AI supply chain. Whether the bubble has truly burst remains to be seen.
- 062026-11Taiwan Stocks Plunge 1,873 Points in Biggest One-Day Fall Since 2021On Nov 6, Taiwan's TAIEX closed down 1,873.08 points at 39,701.64, a 4.51% drop — the fourth-largest closing point decline in the index's history. The same day, the Financial Times' technology section reported that "the sell-off gets deep" but stressed it was "not broad, yet." This article reviews the day's market data, the external market backdrop and what to watch next.
- 062026-11Nasdaq turmoil and $100bn AI spending plans coexist as funding sustainability draws scrutinyFT Technology reported that the Nasdaq plunged in chaotic trading as a Democratic 'blue wave' upended AI bets, while true believers in the technology are still angling to spend tens or hundreds of billions of dollars. The tension between shifting market sentiment and continued capital commitments puts the sustainability of the AI investment boom to the test.
- 062026-11Asian tech stocks hit by wave of selling as Nikkei 225, Kospi both break key levelsAsian tech stocks suffered a broad selloff on Nov 6, with the Nikkei 225 falling below 60,000 points for the first time since May and South Korea's Kospi dropping below 5,000 points the same day. The move followed a $2.5 trillion wipeout in Nasdaq market value, a pullback in AI data-center stocks and concerns that shifting US politics could stall AI infrastructure expansion plans, sending sentiment rippling across regions. Investors are now watching for an AI valuation correction and policy risks.
- 062026-11Nasdaq correction spills into Asia-Pacific as KOSPI triggers circuit breaker, chip stocks under pressureThe tech-heavy Nasdaq Composite slipped into correction territory overnight, and Asia-Pacific tech stocks followed lower on Nov 6, with SK Hynix, Samsung Electronics and SoftBank Group all falling. South Korea's KOSPI extended losses to 8% intraday, triggering a circuit breaker that halted trading for 20 minutes. This article lays out the market data, the transmission logic and the variables to watch.
- 062026-11AI sell-off not over? Cramer says it's no dot-com crashCNBC reported that commentator Jim Cramer warned the AI stock sell-off could continue, but said the situation differs from the 2000 dot-com crash; the same day, FT reported stocks fell as the post-midterm bubble popped. Neither report provided specific declines, individual stocks or index data, and the market holds differing views on the nature of the AI sector pullback.
- 062026-11Midterm Election Results Trigger AI Bet Reversal as Nasdaq Plunges 6.4% in a Single DayNew York stocks suffered a violent sell-off on Nov 5, with the Nasdaq 100 index plunging 6.4% in a single day. According to the Financial Times, a landslide Democratic midterm victory triggered a concentrated sell-off in AI-related stocks, wiping $3.2tn off Wall Street's market value in one day; another financial news source cited a loss figure of $2.5tn. The two figures come from different sources and use different methodologies, and the reason for the discrepancy remains unclear.
- 062026-11Tech stocks plunge Thursday: Magnificent 7 shed about $1 trillion in market capUS stocks saw a massive sell-off Thursday, with tech shares hit hardest. CNBC reported that the Magnificent 7 lost a combined market value of about $1 trillion; separate social-media chatter put the broader US market's losses at $2.5 trillion, while Tesla and SpaceX together lost more than $420 billion. The drop is widely attributed to worries that AI valuations are too high, and the question now is whether the tech pullback continues.
- 062026-11AI Bubble Fears Mount as Markets Sway and Returns Face ScrutinyIn early November 2026, commentator Gary Marcus wrote that the generative AI bubble may have burst, citing research that found it hard to pin down measurable financial impact from AI spending. Over the same stretch, CoreWeave shares fell more than 50% in six months, and Anthropic's draft S-1 was flagged as incomplete. How far the market turmoil spreads, and how AI returns can be verified, are now the focus.
- 062026-11Macro Ops flags crowded AI trade and rotation risk as hedge fund net positioning hits 0th percentileMacro Ops reports that positioning is overconcentrated in the AI trade and underweight everywhere else, with rotation already underway and its TCTM Risk-Off signal triggered. Hedge fund net positioning has fallen to the 0th percentile, retail holds record equity allocations, and breadth improved last week, though its durability remains to be seen.
- 052026-11Qualcomm phone chip revenue falls 26% as AMD data center doubles: chip industry split widensQualcomm's handset chip revenue fell 26% year on year in its fiscal fourth quarter of 2026, reflecting weak smartphone demand. On the same day, AMD reported a record $13.4 billion quarterly revenue, with data center revenue doubling year on year while gaming revenue fell 40%. The contrast between the two chip giants highlights the structural divergence between AI compute and consumer electronics chips. Management guidance and quarterly outlooks are the next things to watch.
- 052026-11Anthropic seeks up to $3.5B in Japan IPO as OpenAI fundraising coolsAnthropic said on Nov 2 it plans to raise up to $3.5 billion through an IPO in Japan. Newcomer reported on Nov 4 that interest in OpenAI's latest funding round has been tepid, and that Anthropic's strength in the enterprise market has forced OpenAI to adjust its strategy. The two AI companies' fundraising paths are diverging. Details including the IPO timetable, pricing, and the size and valuation of OpenAI's round were not disclosed.
- 042026-11PBOC cuts relending rate for stock buybacks, stake increases to 1%The People's Bank of China cut the relending rate for stock buybacks and stake increases by 0.25 percentage points to 1% on Nov 4, effective the same day. It is the second rate cut since the facility was created, aimed at lowering the financing costs for listed companies and shareholders conducting buybacks and stake increases. Major A-share indices rose notably on the day, with the STAR Composite Index up more than 9.6%. Attention now turns to how banks price and disburse the loans and how corporate loan demand shifts.