AI sell-off drives global equities lower, UBP says

Bitget2026/10/19 14:49

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Global equities fell 1.6% as an AI-led selloff drove investors toward safe havens.
Global semiconductors lost 13.6% over eight consecutive sessions, their steepest such decline since 2008, amid AI valuation concerns.
CoreWeave’s credit default swap spreads exceeded 1,000 basis points, reaching distressed territory as AI-linked credit weakened.
The 10-year Treasury yield fell 17 basis points to 5.07%; Brent crude rose 5% to near USD 110 per barrel.
US annual inflation accelerated to 3.7%, reviving rate-hike concerns despite markets assigning only a 15% probability to an October increase.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Union Bancaire Privee UBP SA published the original content used to generate this news brief on October 19, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Goldman Sachs strategists have lowered their 12-month target for South Korea's KOSPI Index from 12,000 points to 9,000 points, representing a 25% decrease. Earlier this year, Goldman had raised the target multiple times. The latest downgrade is due to mounting concerns in the market over artificial intelligence (AI) trading.

智通财经•2026/10/25 10:51