Asian Shares Mostly Advance but Tech Stocks Remain Volatile, While Oil Sinks 3.3%
Technology shares stayed volatile as earnings worries and AI spending concerns kept pressure on markets, while Brent crude fell 3.3%, officials said.
- Asian shares mostly rose on Monday, but Technology stocks remained volatile while oil prices fell more than 3%. Brent crude, the international standard, dropped 3.3% to $109.66 per barrel.
- Wall Street fell Friday to its worst day since June as investors dumped Technology and AI-related stocks. Last week, earnings reports from Google parent Alphabet Inc. and Amazon raised questions about whether their massive AI-related spending would deliver profitable returns.
- The Shanghai Composite rose 1.2% to 3,640.93 despite China reporting factory activity contraction, while South Korea's Kospi index added 2.3% to 5,859.83. Japan's Nikkei slipped 0.1% to 63,218.02 as major Technology names fell.
- Memory chipmaker SK Hynix jumped 4.2% while Samsung Electronics added 1.7%, contrasting sharply with Kioxia Holdings' roughly 14% plunge and TSMC shedding 1.5%. Technology stocks remain volatile due to growing worries the AI buildup may prove a bubble.
- Investors are watching for Tuesday's United States midterm election results, which could influence market direction. China's central bank and securities regulatory body plan to meet with financial institutions Monday to discuss supporting the capital market.
22 Articles
22 Articles
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.
Asian Shares Rise as Tech Volatility Persists, Oil Slides 3.3%
NewsFinale NewsFinale Journal HONG KONG – Asian markets mostly advanced Monday, although technology shares continued to swing sharply and oil prices slid by more than 3%. U.S. stock futures moved modestly higher after Wall Street suffered its steepest decline since June on Friday, as investors reduced their holdings in technology and artificial intelligence companies. Japan’s Nikkei 225 surrendered […]
Asia stocks rise as tech gains ahead of Apple results
Investing.com-- Most Asian stocks rose on Monday, with technology shares leading gains as easing oil prices supported risk appetite, while investors awaited quarterly results from Apple amid concerns over heavy artificial intelligence spending. U.S. stock futures also advanced in Asian trading by…
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