Asian Shares Mostly Advance but Tech Stocks Remain Volatile, While Oil Sinks 3.3% – WTOP News
Investors weighed weak tech earnings and AI spending concerns as Brent crude fell 3.3% and U.S. futures edged higher after Friday’s selloff.
- Asian shares mostly rose on Monday, with Hong Kong's Hang Seng gaining 0.6% to 23,437.41 amid cautious investor sentiment.
- Last week, disappointing earnings reports from Alphabet Inc. and Amazon rattled markets, raising fresh concerns that massive AI-related spending may not deliver profitable returns quickly.
- South Korea's Kospi index rose 2.3% to 5,859.83, while India's Sensex gained 1.1% and the Shanghai Composite added 1.2% despite China reporting factory contraction in October.
- Oil prices fell more than 3% early Monday, while the U.S. dollar rose to 157.91 Japanese yen from 157.49 yen in early dealings.
- Investors are watching for the outcome of Tuesday's U.S. midterm elections, which may shape market direction following recent technology sector volatility.
34 Articles
34 Articles
The Sun Chronicle
The Daily ItemGlobal shares are mixed and US futures advance, while oil prices fall nearly 4%
Global shares are mixed and oil prices have retreated, falling sharply on renewed hopes for progress in diplomatic efforts between the U.S. and Iran. U.S. futures edged higher after Wall Street logged its worst day since June on Friday as…
Asian shares mostly advance but tech stocks remain volatile, while oil sinks 3.3% – WTOP News
HONG KONG (AP) — Asian shares were mostly higher Monday but technology stocks remained volatile, while oil prices fell more than 3%. U.S. futures edged higher after Wall Street fell Friday to its worst day since June as investors dumped technology- and artificial intelligence-related stocks. Japan’s Nikkei 225 gave up early gains, slipping 0.1% to 63,218.02 as some major technology names fell. Shares of OpenAI investor SoftBank Group dropped 1.8…
Asian shares mostly advance but tech stocks remain volatile, while oil
HONG KONG (AP) — Asian shares were mostly higher Monday but technology stocks remained volatile, while oil prices fell more than 3%. U.S. futures edged higher after Wall Street fell Friday to its worst day since June
The leading stock exchanges in Asia are rising during Monday's opening trade.
Coverage Details
Bias Distribution
- 46% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
