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AI trade reversal pierces Asia’s star picks-and-shovels stocks

The pressure intensified last week as oil surged to $110 a barrel for the first time since May, stoking inflation concerns, and investors turned their attention to the trillions of dollars being borrowed to build AI infrastructure

AI trade reversal pierces Asia’s star picks-and-shovels stocks

The pressure intensified last week as oil surged to $110 a barrel for the first time since May, stoking inflation concerns, and investors turned their attention to the trillions of dollars being borrowed to build AI infrastructure

Macro Bloomberg Oct 18, 2026

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