2026-10-19 Covering 5–16 October 2026 | Data as of 2026-10-18
Fortnightly market notes: AI chip stocks slide, oil back at US$110, central banks hold off on easing
The Nasdaq had its worst week since June as money rotated from tech into traditional sectors; Brent crude climbed back to US$110; US September CPI rose to 3.7%, with three major central banks meeting at the end of the month.
Key points
- The Nasdaq fell 4.5% in a week, its worst week since June; chip stocks fell for 8 days in a row
- Brent crude futures climbed back to US$110 a barrel as the Middle East and Russia–Ukraine situations heightened supply worries
- US September CPI rose 3.7% year on year, above expectations; the Fed raised rates to 3.75%–4.00% in September
- The Hang Seng Index hovered around 24,000 over the two weeks, with the Hang Seng Tech Index weaker
- The US, European and Japanese central banks meet in turn from 28 to 30 October, worth watching
The full report (PDF) is written in Chinese. The key points above are in English.
Loading the PDF…