The IMF warned that bond-market risks have risen since its April stability report.

國際貨幣基金組織官員：人工智能市場的修正將通過人工智能股價下跌的財富效應反饋到實體經濟中。

JP Morgan analysts say AI stocks could account for as much as half of Asian index weight and may drive 70% of the region's 2027 earnings growth. They say Asia's AI exposure is concentrated in hardware and expect supply tightness to persist at least through 2028, a dynamic that would grant suppliers significant pricing power. JP Morgan flags the most acute shortages in advanced logic chips, chip packaging (Ajinomoto build-up-film/ABF substrates), semiconductor equipment, high-end copper-clad laminates, HBM and high-speed optical components. The bank projects the AI ecosystem will generate net profits above $1 trillion and free cash flow around $700bn by 2028. JP Morgan retains overweight ratings on technology and on Taiwan and Korea equities.