Sound the AIarm: Tech stocks’ whiplash could signal risks for Singapore’s real economy

Monetary Authority of Singapore (MAS) managing director Chia Der Jiun flagged the artificial intelligence investment boom as a massive, looming uncertainty for global financial stability during his speech at the release of the central bank's annual report for FY2026 on Tuesday (Jul 28), as tech stocks experienced sharp swings. The volatility underscores investor unease about the incentives driving the AI boom, which could signal risks for Singapore's real economy.

Sound the AIarm: Tech stocks’ whiplash could signal risks for Singapore’s real economy Investors pay a premium for growth, but market swings reveal unease about incentives driving the boom SINGAPORE When Monetary Authority of Singapore MAS managing director Chia Der Jiun delivered his speech at the release of the central bank’s annual report for FY2026 https://www.businesstimes.com.sg/companies-markets/singapore-aum-10-1-s6-7-trillion-mas-eyes-competitiveness-push on Tuesday Jul 28 , his remarks might have been drafted as a routine macroeconomic warning. Instead, they served as live commentary for a storm breaking in real time. Among other things, Chia flagged the artificial intelligence investment boom as a massive, looming uncertainty https://www.businesstimes.com.sg/companies-markets/mas-chief-flags-ai-investment-boom-key-risk-global-financial-stability .