Menu

Post image 1
Post image 2
1 / 2
0

Asian shares trade mixed as AI excitement fades and war worries continue

The Independent·Yuri Kageyama·20 days ago
#uBc8P8ec
#sank#high#composite#market#fell#article
Reading 0:00
15s threshold

Asian shares traded mixed early Wednesday, as fading enthusiasm over AI and other technology stocks gradually put the brakes on Wall Street’s record-setting run. Japan 's benchmark Nikkei 225 edged up less than 0.1% to 62,774.94. South Korea 's Kospi index gained 0.9% to 7,708.05, recouping some of its recent losses. The Kospi sank 2.3% earlier in the week from an all-time high after a senior figure in the administration suggested the government may redistribute windfall AI profits from companies to citizens. Australia's S&P/ASX 200 lost 0.3% to 8,645.80. The Hang Seng slipped 0.4% to 26,246.29, while the Shanghai Composite was little changed, down less than 0.1% at 4,213.86. “Corporate earnings and AI momentum are acting as the market’s primary shock absorbers, but the road is getting significantly rougher,” said Tim Waterer, chief market analyst at KCM Trade. “With oil prices becoming entrenched at elevated levels and a diplomatic breakthrough between the U.S.…

Continue reading — create a free account

Join HashtagPLUS to read full articles, follow hashtags, vote, and join the conversation.

Read More