{"id":74491,"date":"2026-11-11T00:38:21","date_gmt":"2026-11-11T04:38:21","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-under-pressure-ai-scrutiny-and-currency-volatility-intensify\/74491\/"},"modified":"2026-11-11T00:38:21","modified_gmt":"2026-11-11T04:38:21","slug":"global-markets-under-pressure-ai-scrutiny-and-currency-volatility-intensify","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-under-pressure-ai-scrutiny-and-currency-volatility-intensify\/74491\/","title":{"rendered":"Global Markets Under Pressure: AI Scrutiny and Currency Volatility Intensify"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>SoftBank Group (<a href=\"\/stock\/SFTBY\">SFTBY<\/a>)<\/strong> reported a massive <strong>$7.09 billion (\u00a51.12 trillion) net loss<\/strong> for the second quarter, primarily due to a <strong>$3.7 billion writedown<\/strong> on a U.S. data center project and rising financing costs.<\/li>\n<li><strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>)<\/strong> faces a &quot;crisis of confidence&quot; as its board investigates CEO Jensen Huang over a personal relationship allegedly linked to a foreign intelligence operation, sending shares down <strong>4.3%<\/strong>.<\/li>\n<li><strong>Indonesia&#39;s Rupiah<\/strong> plunged to a record low of <strong>18,183 per dollar<\/strong>, forcing Bank Indonesia to intervene as high <a href=\"https:\/\/stockmarketwatch.com\/energy\/crude-oil\" data-internallinksmanager029f6b8e52c=\"12\" title=\"Crude oil\">oil prices<\/a> and fiscal risks rattle emerging market investors.<\/li>\n<li><strong>Singapore\u2019s Straits Times Index (STI)<\/strong> advanced <strong>1.1%<\/strong> to reach <strong>5,317.23<\/strong>, outperforming regional peers despite broader volatility in the global technology sector.<\/li>\n<li>The <strong>New Zealand Dollar (NZD)<\/strong> strengthened to <strong>$0.563<\/strong> even as markets slashed the probability of a December rate hike by the <strong>Reserve Bank of New Zealand (RBNZ)<\/strong> to less than <strong>50%<\/strong>.<\/li>\n<\/ul>\n<h2>AI Investment Boom Faces Reality Check<\/h2>\n<p>The global artificial intelligence investment frenzy is meeting significant resistance as industry leaders grapple with internal crises and financial setbacks. <strong>SoftBank Group (<a href=\"\/stock\/SFTBY\">SFTBY<\/a>)<\/strong> shocked markets by swinging from a massive profit last year to a <strong>$7.09 billion net loss<\/strong> this quarter. The loss was largely driven by <strong>\u00a5597.25 billion ($3.7 billion)<\/strong> in impairments related to procurement for an Ohio data center project, highlighting the immense capital risks involved in building AI infrastructure.<\/p>\n<p>Simultaneously, <strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>)<\/strong> is navigating a leadership crisis that has tested its &quot;too big to fail&quot; status. Reports of an internal investigation into CEO Jensen Huang\u2019s personal conduct and potential exposure to foreign intelligence have introduced a &quot;key-man risk&quot; that saw the company&#39;s market value dip. While <strong>Taiwan Semiconductor Manufacturing Company (<a href=\"\/stock\/TSM\">TSM<\/a>)<\/strong> reported a <strong>59.7%<\/strong> year-over-year revenue surge for October, the governance issues at <strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>)<\/strong> have caused investors to question the stability of the sector&#39;s primary growth driver.<\/p>\n<h2>Currency Markets: Rupiah Hits Record Low, Kiwi Defies Odds<\/h2>\n<p>Emerging market stability is under threat as <strong>Indonesia&#39;s Rupiah<\/strong> hit an all-time low of <strong>18,183 per US dollar<\/strong>. <strong>Bank Indonesia (BI)<\/strong> has been forced to maintain an active presence in the spot and non-deliverable forward (NDF) markets to stabilize the currency. The slide is attributed to a combination of <strong>$115+ per barrel oil prices<\/strong>, which strain the net-importing nation&#39;s fiscal outlook, and rising <strong>U.S. Federal Reserve<\/strong> rate hike bets for December.<\/p>\n<p>In contrast, the <strong>New Zealand Dollar (NZD)<\/strong> managed to gain ground, trading near <strong>$0.563<\/strong>. This appreciation occurred despite a &quot;dovish surprise&quot; from the <strong>Reserve Bank of New Zealand<\/strong>, which recently held interest rates at <strong>2.75%<\/strong>. Traders have significantly scaled back expectations for a December hike following disappointing domestic jobs data, yet the &quot;Kiwi&quot; benefited from a broader retreat in the <strong>U.S. Dollar Index<\/strong> following recent political developments in Washington.<\/p>\n<h2>Regional Highlights: Singapore Shares Lead Gains<\/h2>\n<p>Southeast Asian equities showed resilience, led by the <strong>Singapore Exchange (SGX)<\/strong>. The benchmark <strong>Straits Times Index (STI)<\/strong> climbed <strong>1.1%<\/strong> to close at <strong>5,317.23<\/strong>, bolstered by strong performance in the banking sector. Singaporean banks have now reported their <strong>16th consecutive quarter<\/strong> of net interest income exceeding <strong>S$8 billion<\/strong>, providing a stable foundation for the index even as global tech volatility persists.<\/p>\n<p>While the broader Asian market remains cautious due to the <strong>SoftBank (<a href=\"\/stock\/SFTBY\">SFTBY<\/a>)<\/strong> loss and <strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>)<\/strong> scrutiny, the divergence between robust financial earnings in Singapore and the fiscal pressures in Indonesia highlights a fragmented recovery across the region. Investors are now shifting focus to upcoming U.S. labor data and the <strong>RBNZ&#39;s<\/strong> Survey of Expectations due on November 17 for further direction.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways SoftBank Group (SFTBY) reported a massive $7.09 billion (\u00a51.12 trillion) net loss for the second quarter, primarily due 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