Asia shares subdued, bonds swamped by AI debt wave

Key points

• Asian shares fell as debt markets faced pressure from major tech firms seeking billions in funding. Oil price rises added to the strain, while US 10-year debt yields dropped from 24-year highs.
• The euro hit 17-month lows amid concerns over European debt, with the dollar strengthening. SpaceX and Broadcom plan to raise significant funds for AI chip purchases, impacting their credit default insurance and share prices.
• Samsung Electronics forecast a 783 per cent profit jump but saw shares dip slightly. The Federal Reserve may raise rates again, with markets pricing in an 80 per cent chance for December.