Five Magnificent 7 tech giants report earnings this week. Markets expect 24% profit growth vs 7% for rest of S&P. AI spending key. Record highs at risk.
The Chinese stock market rebounded but remains far from its peak, with trade tensions and slowdown causing divergence; tech and industrial stocks stay strong.
On Wednesday, Wall Street rebounded on strong earnings from major banks, but analysts warned that overheated U.S. stock sentiment could trigger a pullback.
Nikkei crashed 1,407 points on Oct 14 after Komeito left ruling coalition, ending "Takaichi trade". Political chaos and trade war fears triggered selloff.