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On October 12th, DBS Group CEO Shushan Chen stated that the market is reassessing the risks associated with investments in artificial intelligence (AI) infrastructure, which could lead to a more cautious AI financing environment. She said, "The market has sent a signal. This isnt a bad thing, because investors are now demanding higher returns and paying more attention to financing structures." Chen pointed out that the market is examining whether the large amounts of capital invested in the AI capital expenditure ecosystem can generate sufficient long-term returns to ultimately repay debt, bond, or equity investors. DBS believes that some weaker companies may face the risk of credit rating downgrades. However, Chen believes this risk repricing is "healthy" because the market wants to ensure that large-scale AI investments are sustainable and have long-term profitability. She stated, "The market is confirming whether these huge investments are truly sustainable." Chen revealed that DBS has participated in approximately $20 billion in AI-related transactions this year, mostly as the lead arranger for syndicated loans, but the bank itself only holds a small portion of the risk exposure.A subsidiary of Indonesias state-owned oil company, Petronas, signed a purchase agreement with Italys Eni to acquire interests in three oil and gas blocks.On Monday, October 12, the Hang Seng Index opened 223.58 points higher, or 0.92%, at 24,434.93; the Hang Seng Tech Index opened 43.23 points higher, or 1.03%, at 4,241.07; the H-share Index opened 81.45 points higher, or 1.0%, at 8,229.32; and the Red Chip Index opened 12.18 points higher, or 0.3%, at 4,061.13.Hang Seng Index futures opened 0.85% higher at 24,398 points, a premium of 187 points.The Governor of the Bank of Korea said the timing and pace of further interest rate hikes will depend on the data.

S&P 500, NASDAQ Futures Higher in Pre-Market after Meta Stuns Wall Street

Alice Wang

Feb 02, 2023 16:08

The main U.S. stock index futures contracts are trading in a range during Thursday's pre-market session, with the Dow trading down for the day while the NASDAQ Composite was up about 1%.


Investors are attempting to build on the rise from yesterday, which was sparked by a mix of a widely anticipated 25-basis-point rate increase and less hawkish comments from Federal Reserve Chairman Jerome Powell. A sharp increase in Meta shares after a positive earnings announcement is contributing to the euphoric mood.


The blue chip Dow futures are now trading at 34085.00, down 63.00 or -0.18%, at 04:33 GMT. The tech-weighted NASDAQ Composite is trading at 12526.75, up 112.50 or +0.91%, while the benchmark S&P 500 Index futures contract is at 4143.50, up 11.25 or +0.27%.

Less-Hawkish, Supported by Wednesday's Positive Session comments made by Fed Chair Powell

The strong performance in all three main indices yesterday is what is providing the support early on Thursday. The NASDAQ Composite ended the regular session up 2%, while the S&P 500 recovered previous losses to conclude with a gain of 1.05%. After losing more than 500 points earlier in the day, the Dow was only able to gain a meager 0.02%.


Investor confidence that inflation is slowing down enough for the central bank to take notice fueled the sharp bounce, despite the fact that Federal Reserve Chairman Jerome Powell made no mention of a potential stop in rate rises at his post-meeting news conference.

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