Business · Markets · 5 hrs ago
Spain’s Ibex seeks to hold gains as AI-linked stocks fall in Asia
Asian markets fell as investors sold AI-linked shares, with South Korea’s Kospi nearing a 6% drop and Japan’s Nikkei down about 2%.
The pressure followed growing competition from Chinese chip companies, including ChangXin Memory Technologies.
European stocks were less affected, and Spain’s Ibex 35 was trying to hold the 1.33% gain it made the previous day, near 19,300 points.
Investors are waiting for the first results of Wall Street’s new earnings season, starting with banks including Goldman Sachs, JPMorgan, Citi and Wells Fargo.
Those company results have helped stock markets withstand concerns about government debt and oil prices.
Oil and bond markets were giving European investors some relief: Brent was around $105 a barrel, while bond yields had eased from recent highs.
The next focus is the US banks’ results, as markets enter a busy period for corporate earnings.
Spain’s Ibex 35 is trying to hold the 1.33% gain it made in the previous session.
Asian stocks linked to artificial intelligence fell as investors took profits, with South Korea’s Kospi down nearly 6%.
European shares were less affected, helped by a pause in pressure from oil prices and bond yields.
The Ibex was seeking to stay near 19,300 points ahead of the first Wall Street results of the new reporting season.
- Who
- Spain’s Ibex 35 and European equity investors.
- What
- The Ibex is trying to hold its previous session’s 1.33% gain as AI-linked stocks fall in Asia.
- When
- 13 October 2026.
- Where
- Spain, with declines reported in Asian markets.
- Why
- Selling in AI-linked stocks increased after Chinese chip companies emerged as growing competitors; easing pressure from oil and bond yields supported European shares.
This story does not have two clearly opposing sides.
Spain’s Ibex gained 1.33%.
Asian investors accelerated profit-taking, while the Ibex tried to consolidate its previous session’s gains.
- Ibex previous-session gain
- 1.33%
- Ibex level
- Near 19,300 points
- South Korea’s Kospi
- Nearly 6% lower
- Brent crude
- Around $105 a barrel
- Spanish 10-year bond yield
- Around 4.10%
What people are saying
El Ibex trata de afianzarse cerca del umbral de los 19.300 puntos.
El barril de Brent se frena ligeramente en el entorno de los 105 dólares.
Sources
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