World shares and U.S. futures are mixed after Google parent Alphabet's
earnings disappoint
[October 29, 2026] By
CHAN HO-HIM
HONG KONG (AP) — World shares and U.S. futures were mixed Thursday after
the U.S. Federal Reserve held rates steady.
Oil prices fell even as U.S. officials warned that renewed military
action against Iran could come after the Nov. 3 midterm elections.
In early European trading, Germany's DAX gained 0.8% to 25,912.10, while
the CAC 40 in Paris jumped 1% to 7,983.15. Britain's FTSE 100 was up
0.5% at 10,744.60.
The future for the S&P 500 was 0.4% lower, while that for the Dow Jones
Industrial Average gained 0.4%.
In a big week for central bank news, markets are awaiting the outcome of
a meeting of the European Central Bank later Thursday. The Bank of Japan
is expected to stand pat when it wraps up its policymaking meeting on
Friday.
Tokyo's Nikkei 225 climbed 1.1% to 64,659.47. OpenAI investor SoftBank
Group's shares gained 1.8%.
In South Korea, the Kospi lost 1.2% to 5,937.66.
Samsung Electronics, a key component of the Korean market, sank 4.1%
despite announcing strong quarterly results as its latest shareholder
return policy arrangements disappointed some investors. Memory chipmaker
SK Hynix rose 2.6%. Its shares soared 10.9% the day before on the
company’s better-than-expected quarterly results.
The Taiex in Taiwan, which has also benefited from the AI boom, declined
1.4%.
Hong Kong’s Hang Seng shed 0.6% to 22,958.65. The Shanghai Composite
index declined 0.8% to 3,651.43.
Australia’s S&P/ASX 200 gained 0.5% to 8,891.80.
India’s Sensex surged 1%.
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A dealer watches computer monitors at a dealing room of Hana Bank in
Seoul, South Korea, Tuesday, Oct. 27, 2026. (AP Photo/Lee Jin-man)
 Earnings reports of U.S. technology
giants have shaken markets riding on high expectations from
investors due to the global craze for artificial intelligence.
Shares of Google parent company Alphabet Inc. fell about 10% in
after-hours trading. The California-based technology giant posted
quarterly revenues that disappointed investors, raising questions
over whether it can generate enough sales to justify its huge
investments in AI.
Shares in Microsoft, however, gained nearly 3% in after-hours
trading as it logged better-than-expected earnings results.
On Wednesday, Wall Street’s benchmark S&P 500 added 0.3% and the Dow
Jones Industrial Average gained 0.2%. The technology-heavy Nasdaq
composite climbed 0.3%.
In the bond market, the yield on the 10-year U.S. Treasury eased to
around 5.00% after briefly jumping to around 5.04% Wednesday. The
yield on the two-year Treasury also steadied to about 4.69%, down
from higher than 4.77% on Wednesday.
In other dealings early Thursday, Brent crude oil, the international
standard, fell 0.8% to $110.77 per barrel. That's still way higher
than the roughly $72 a barrel level it was at before the Iran war
began in late February.
Benchmark U.S. crude fell 1.1% to $101.67 per barrel.
The U.S. dollar gained slightly to 157.86 Japanese yen from 157.84
yen. The euro rose to $1.1155 from $1.1154.
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