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Financial Times: After the AI sell-off, US stocks are expected to rebound

BlockBeats News,October 19, according to the UK's Financial Times, US stocks were expected to open higher on Monday. This followed the largest weekly decline in US stocks since April Trump announced tariff policies last year. During Asian trading hours, technology-heavy Nasdaq 100 index futures rose 1.3%, while S&P 500 index futures rose 0.8%.

Analysts noted that investors are reassessing market conditions following Friday's sell-off, which was triggered by concerns over widening credit spreads for companies related to artificial intelligence data centers. The easing of sentiment also supported Asian markets. South Korea's KOSPI index rose on Monday after falling 11%last week.

Prashant Bhayani, BNP Paribas's Chief Investment Officer for Asia, said: “We are seeing a rebound because there was no material escalation in the Iran conflict over the weekend.” Bhayani added that, following last week's “de-risking” activity, traders were taking a wait-and-see approach to artificial intelligence-related trades. Japan's TOPIX Index (0.5%) fell by nearly TOPIX in early trading on Monday, but recovered in the afternoon to end the day broadly flat. The Nikkei 1%Index, which is heavily weighted toward technology stocks, fell 225.

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