Saxo Bank's Singapore chief investment strategist Charu Chanana said the Asian sell-off is less about a sudden deterioration in tech fundamentals than a re-pricing of the cost of capital. Investors are not questioning AI demand itself but are increasingly uncertain how much to pay for that growth with interest rates high, volatile and potentially headed higher.

2026-10-15

Saxo Bank's Singapore chief investment strategist Charu Chanana said the Asian sell-off is less about a sudden deterioration in tech fundamentals than a re-pricing of the cost of capital. Investors are not questioning AI demand itself but are increasingly uncertain how much to pay for that growth with interest rates high, volatile and potentially headed higher.