The Intelligence Layer Beyond Your Own Book

A sharp sell-off in US technology stocks spread across Asian markets as tighter restrictions threatened the AI investment boom and hedge fund losses added to investor unease. Attention now turns to US nonfarm payrolls after the Bank of England raised rates to 4% and signalled continued inflation pressure.

The US midterm results triggered a sharp rotation away from Asian chipmakers, while hopes of an agreement with Iran sent Brent crude below $95 and supported bonds and gold. Attention now turns to the Bank of England’s rate decision and upcoming US labour-market data.

A Democratic sweep of Congress pushed stocks and the dollar lower while supporting US Treasuries, as investors priced in greater political gridlock and tighter scrutiny of technology companies. Meanwhile, Asian markets remained volatile despite AMD signalling strong demand for AI-related data centre processors.