Asian shares trade mixed as markets continue to watch AI stocks and oil prices
AI concerns weighed on technology shares while Brent crude climbed above $106 a barrel after fighting in the Middle East disrupted oil flows.
- On Monday, Asian markets traded mixed as Hong Kong's Hang Seng slipped 0.2%, Australia's ASX 200 lost 0.9%, and Japan's Nikkei 225 surged 0.8%.
- Concerns regarding artificial intelligence intensified over the weekend after Anthropic CEO Dario Amodei called for a global slowdown, while fighting in the Middle East squeezed global crude flow.
- Nvidia sank 3.4% on Wall Street Monday, the heaviest weight on major indexes, while the 10-year Treasury yield briefly breached 5.00% before pulling back to 4.98%.
- Softbank Group jumped more than 8% in Tokyo trading, even as The Dow Jones Industrial Average dropped 0.3% and the Nasdaq composite sank 0.6%.
- OpenAI Chief Executive Sam Altman indicated a stock sale will likely wait until next year, while a key Saudi oil pipeline remains out of service following an attack.
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28 Articles
Asian shares trade mixed as markets continue to watch AI stocks and oil prices – WTOP News
TOKYO (AP) — Asian shares were trading mixed early Tuesday, after a rtificial-intelligence stocks slid overnight. Japan’s benchmark Nikkei 225 surged 0.8% in morning trading to 63,993.22. Softbank Group, the Japanese giant that is a major investor of OpenAI, jumped more than 8% in Tokyo morning trading, recouping its overnight losses. That came after OpenAI...
Asian shares trade mixed as markets continue to watch AI stocks and oi
TOKYO (AP) — Asian shares were trading mixed early Tuesday, after a rtificial-intelligence stocks slid overnight. Japan’s benchmark Nikkei 225 surged 0.8% in morning trading to 63,993.22. Softbank Group, the Japanese giant that is a major investor
The wait-and-see week continues with mixed results on the stock markets in Asia.
The main Asian stock markets are recording mild changes, with investors remaining cautious, as developments in the Middle East and warnings about artificial intelligence
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