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High rates meet AI's reality check as tech stocks and Asian markets tumble
Description
Market news for October 15 2026: Tech stocks and Asian markets tumbled as rising interest rates collided with heavy AI infrastructure investments. Wall Street declined following hot US inflation data. Despite broader market routs, TSMC posted record quarterly profits while investors awaited key Federal Reserve insights.
Synopsis: Market Focus Daily is a closing bell roundup by The Business Times that looks at the day’s market movements and news from Singapore and the region.
Written by: Howie Lim (howielim@sph.com.sg)
Produced and edited by: Chai Pei Chieh & Claressa Monteiro
Produced by: BT Podcasts, The Business Times, SPH Media
Produced with AI text-to-speech capabilities
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