Asian Stocks Back in Retreat as Tech Mood Sours Again

Asian stocks back in retreat as tech mood sours again

AI-linked companies continued the rollercoaster ride they have endured since hitting record highs in June amid worries over colossal investment sums and their timeline for profitability, with rising debt-servicing costs adding to the uncertainty. A blockbuster quarterly report from Elon Musk's SpaceX on Tuesday -- its first since listing in June -- provided what some hoped would be some solid support leading into a crucial earnings season, helpi…

Global Market Today: Asian stocks mixed as oil rally, AI concerns weigh on sentiment

Contracts for the Nasdaq 100 Index slipped 0.6% and those for the S&P 500 dropped 0.4% in early Asian trading following a split set of results from Tesla Inc. and Meta Platforms Inc. The automakers shares fell 3.1% in post-market trading after cutting its capital-spending forecast. Meta Platforms, however, rose 2% after hours as the company boosted its bet on AI with spending outlook.

Asia mostly lower with earnings in focus

Asia-Pacific markets traded mostly lower on Thursday as investors assessed the newly released third-quarter financial results from major global corporations, including Tesla and Meta, while expecting ...