ðŸ‡ðŸ‡° English, 22 October 2026, AI concerns
Asian stocks struggle amid AI and war concerns
Asian stocks fell as tech earnings optimism was overshadowed by concerns over artificial intelligence and geopolitical risks.
In the US market, Meta reported third-quarter revenue that beat expectations, while AI server maker Super Micro forecast quarterly revenue and profit margin that both topped estimates.
However, Meta’s plan to issue non-voting class C common stock drew renewed scrutiny on AI spending.
The United States ordered diplomats to leave Saudi Arabia amid Houthi strikes, while the New York Times reported the US and Israeli militaries had developed specific plans for renewed attacks on Iran after the US midterm elections.