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 as regional markets showed resilience despite ongoing technology sector volatility.
- Last week, disappointing earnings reports from Alphabet Inc. and Amazon rattled markets, raising concerns that massive artificial intelligence spending may not generate profitable returns as quickly as hoped.
- South Korea's Kospi index rose 2.3% to 5,859.83, India's Sensex gained 1.1%, and the Shanghai Composite added 1.2% despite China reporting factory activity contracted in October.
- Oil prices fell more than 3% early Monday, while the United States dollar rose to 157.91 Japanese yen in early dealings, reflecting shifting commodity and currency sentiment.
- Investors are watching for Tuesday's United States midterm election outcome, which may influence market direction as traders assess potential policy shifts and economic implications.
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35 Articles
Asia's stock exchanges closed this Monday, mostly with investors hoping that Apple's results, to be released today, will bring some relief in the midst of concerns about high cash consumption in artificial intelligence (AI) projects. Already oil prices have retreated after the continuation of negotiations mediated by Iran and Qatar. Exclusive material for subscribers. To have full access, access the link of the subject and register.
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.
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