Neutral impactResults
Asian stocks edge higher despite Alphabet slump reviving AI spending concerns; US Fed holds rates
CNBC-TV18 1 hr ago·29 Oct 2026, 1:25 am
Asian equity indexes nudged higher on the day, with Japan’s Nikkei and South Korea’s Kospi posting modest gains. The rally came even as Alphabet’s shares dropped about 10% in after‑hours trading, reigniting worries that corporate spending on artificial‑intelligence projects may be slowing.
The move reflects the broader market’s reaction to the U.S. Federal Reserve’s decision to keep policy rates unchanged at 3.75%‑4%. A steady‑rate outlook tends to support risk‑on assets, but the sharp pullback in a leading tech name highlights lingering uncertainty around tech earnings and AI‑related capital allocation. In India, the GIFT Nifty pointed to a subdued opening for domestic equities.
Investors will be watching upcoming earnings reports from other technology firms for clues on AI spending trends, as well as any further commentary from Fed officials. The opening levels of Indian markets and any shifts in global risk sentiment will also be key indicators for the next trading session.
Excerpt from CNBC-TV18
Published On Oct 29, 2026 | 06:55 IST Last Updated On Oct 29, 2026 | 06:55 IST Japan’s Nikkei and South Korea’s Kospi advance as Alphabet tumbles 10% in extended trading, while investors assess tech earnings and the Federal Reserve’s decision to hold rates at 3.75%-4%. GIFT Nifty signals a muted start for Indian…Read the original at CNBC-TV18
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