Oil prices fall, coupled with optimistic sentiment around AI, emerging market stock markets end two consecutive days of declines
2026-10-09 16:59:45
According to CoinMeta, the decline in oil prices, coupled with optimistic sentiment regarding AI, led to a reversal in emerging market stock markets, which had seen two consecutive days of declines. With the reduction in oil prices and alleviation of concerns about the sustainability of the investment boom in AI, emerging market stocks rebounded on Friday. The MSCI Emerging Markets Index saw its largest gain of 0.5%, ending two consecutive days of losses. However, due to higher crude oil prices earlier this week, rising U.S. Treasury yields, and a stronger dollar, market sentiment remained subdued, resulting in the index closing down for the second consecutive week. Reports that OpenAI is expected to achieve or exceed $70 billion in annualized revenue by the end of the year have eased market concerns about revenue falling short of previous forecasts, boosting market risk appetite. Chalu Channana, Chief Investment Strategist at SG Capital Markets Singapore, noted that the bigger question is whether this revenue will be sufficient to support the substantial investments in AI infrastructure and the increasingly high financing costs involved. She said, "The revenue story may still hold water, but the logic behind the returns remains to be verified."
Source:Internet
This content is for market information only and does not constitute investment advice.
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